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The United Kingdom has decided to send a warship to escort British-flagged oil tankers through the Strait of Hormuz amid increasing Iran-related security concerns, Reuters reported. Iranian commandos seized a British-flagged oil tanker in the Persian Gulf on July 19 after British forces captured an Iranian oil tanker near Gibraltar on July 4. The cost of insuring a ship sailing through the region has increased tenfold, prompting some ship owners to avoid the area entirely.