Oil tanker on fire in the Strait of Hormuz

Brent Crude Rises to $117 Following Tanker Fire in Strait of Hormuz

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Brent crude oil prices surged to $117 after a tanker caught fire in the Strait of Hormuz due to explosive devices attached to its hull. This incident has raised concerns about a potential escalation involving Iran, impacting global oil markets.

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Originally published by gnews