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Tensions between the United States and Iran have escalated with both nations exchanging missile strikes after Iran closed the Strait of Hormuz to all shipping. President Trump authorised strikes on multiple Iranian coastal targets following the downing of a US Apache helicopter, while threatening further military action if negotiations fail. US inflation has risen to 4.2 per cent amid the ongoing conflict. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.
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