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Tensions with Iran are escalating as Trump dismisses ceasefire talks as “boring,” even as allies and Pentagon officials warn that military escalation could cripple U.S. munitions reserves and trigger devastating retaliation against Gulf economies. With the Strait of Hormuz still closed and global energy prices soaring, the stakes are high — and Trump’s claim that only the U.S. and China can retrieve Iran’s buried enriched uranium adds a new layer of strategic complexity to an already volatile situation.
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