Oil Prices Rise After Tanker Carrying Qatari Crude Hit Near Strait of Hormuz
Oil prices jumped after a tanker carrying Qatari crude was struck amid a flare-up of attacks between the US and Iran. The incident is straining a fragile ceasefire and disrupting shipping through the Strait of Hormuz, a critical global energy chokepoint. The escalation raises fresh concerns about the stability of oil supplies.
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