Iran says seven oil tankers have caught fire or sustained damage in and around the Strait of Hormuz as its Islamic Revolutionary Guard Corps (IRGC) warns that renewed US attacks could trigger a wider response and the world braces for the possibility of renewed hostilities .
Although analysts consider a US attack before the November 3 midterm elections unlikely, sabre-rattling on both sides has raised fears that escalating rhetoric could give way to renewed attacks with control of the Strait of Hormuz and Iranian nuclear facilities at the heart of the conflict.
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But the critical Gulf waterway, through which one-fifth of global…
