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Oil prices rose on Wednesday after the U.S. launched fresh strikes on Iran in retaliation for attacks on commercial vessels in the Strait of Hormuz.
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Attacks on ships in the Strait of Hormuz sparked a new cycle of retaliation that could throttle the flow of energy from the region.
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The U.S. revoked Iran oil sales authorization earlier in the day.
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The strikes by Iran and the attacks and re-imposition of sanctions by the U.S. came weeks after the countries agreed to try to find a lasting end to their hostilities.
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New videos appear to show the aftermath of U.S. retaliatory strikes in Iran that were launched in response to attacks on commercial ships in the Strait of Hormuz. NBC News' Courtney Kube has more on where the strikes are landing and what this could mean for both the U.S. and Iran.
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U.S. and Iranian officials have been negotiating about maritime traffic in the Strait of Hormuz, a key waterway through which 20% of the world's oil passed before the war.
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