Checking understanding for "or"

Lsatbreakingnews

Hi guys had a question regarding or. To determine whether or not it is the "inclusive" or "and" interpretation we use context. For exclusive interpretation we are to use a a biconditional indicator to show one or the other?
Correct me if I am wrong.

Cant Get Right

Yeah, that sounds right to me. Unless otherwise stated with a "but not both" or something, it will be inclusive unless the content is, by its nature, exclusive. So for example:

I am in New York or Chicago.

I cannot be in both New York and Chicago, of course. This is just inherently an exclusive statement.