There is some high confusion in the Strait of Hormuz as Iran and the US are apparently testing each other's patience. Tehran claims that it has forced a US warship to retreat from the water channel by firing warning shots, whereas the US Centcom denies it saying it will continue to escort vessels, in a tit for tat. The UAE has, meanwhile, raised the stakes accusing the IRGC of firing two drones on an oil-tanker affiliated with its state oil company, Adnoc, setting a surge in the prices of the black gold. Brent crude registered a........

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