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(Bloomberg) — US President Donald Trump gave Iran a two-day deadline to reopen the Strait of Hormuz or have its power plants bombed.
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Trump, in a sign of the pressure he’s under to get the vital waterway open again and bring down soaring oil and natural gas prices, said Iran must “fully open, without threat,” the strait. He gave the country 48 hours “from this exact point in time,” in a Truth Social post sent at 11:44 p.m. UK time on Saturday.
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Several hours later, the Iranian military warned it will target “all energy, information technology, and desalination infrastructure belonging to the US and the Israeli regime in the region” if Iran’s fuel and energy infrastructure is attacked, the semi-official Tasnim news agency reported. State TV in Iran had similar reports.
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The comments signaled neither side is willing to back down, with the war — which began with Israeli and US attacks on Iran on Feb. 28 — now in its fourth week and with growing evidence of fuel shortages around the world. The US and Israel continue to target sites in Iran, which itself is firing missiles and drones at the Jewish state and Arab Gulf nations.
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More than 4,000 people have been killed throughout the region, according to governments and non-government agencies, with more than three quarters of the fatalities in Iran. In Lebanon, where Israel has stepped up an offensive against Iran-backed Hezbollah militants, the toll is over 1,000. Dozens of people have been killed in Israel and Arab states.
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Trump’s words marked an escalation in his rhetoric about the strait, coming a day after he said he was thinking about “winding down” military operations against Iran and that the responsibility for policing Hormuz would fall to other countries.
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Iran’s missile strikes against Israel have picked up in recent days. On Saturday, over 150 people were injured by Iranian strikes on the southern cities of Arad and Dimona, which lends its name to a nearby nuclear research facility. Iranian media said it was a retaliation against an attack on its Natanz nuclear facility.
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“This is a very difficult evening in the fight for our future,” Israeli Prime Minister Benjamin Netanyahu said, adding that he was bolstering rescue teams in the affected areas.
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Traffic through Hormuz, through which one fifth of the world’s oil and natural gas supplies normally flow, has effectively ground to a halt since the war started. Brent crude has surged to over $112 a barrel, its highest level in almost four years. Prices of US gasoline, fertilizers and many metals that are shipped through Hormuz have also jumped.
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Iranian officials are reluctant to even discuss reopening the strait as they focus on surviving the US-Israeli onslaught, according to a person involved in direct, high-level contacts with Tehran.
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Until now, the US and Israel have largely avoided targeting Iran’s power and water plants. Israel did strike fuel depots in Tehran two weeks ago, causing acid rain clouds and drawing veiled criticism from the US, which felt it was a strategic error that could turn Iranian civilians against the offensive.


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