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"Over the past 48 hours, Tehran and Washington have exchanged a cacophony of statements, some suggesting rising odds of de-escalation," BCA Research's Felix-Antoine Vezina-Poirier said. "Our GeoMacro strategists offer simple guidance for weighing volatile headlines: Stick to the facts. First, shipping through Hormuz has picked up over the past few days. Second, Iran is deliberately shifting away from GCC (Gulf Cooperation Council) targets toward Israeli ones."
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