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markets · Published brief

Oil prices rise after tankers are fired on in the Strait of Hormuz

Oil prices extended gains following reports that tankers came under fire in the Strait of Hormuz. The incident threatens a vital route for global energy shipments.

By DoomRadar · Published on DoomRadar .

Why it matters

Further disruption in the Strait of Hormuz could raise energy prices and destabilize international supply chains.

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