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flag Oil prices hit $100 as UK rejects Strait of Hormuz naval blockade.

flag Global oil prices have surpassed $100 per barrel amid regional tensions, while the UK announced it will not join a naval blockade in the Strait of Hormuz. flag Iranian officials stated the US rejected three "unreasonable" demands during recent negotiations. flag Separately, China launched a new free trade zone and selected Beijing as the headquarters for the World Organization of Data, signaling its growing global economic influence.

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