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Energy & Fuels
Hormuz Tanker Attacks Trigger US Sanctions Move, Oil Price Surge
Iranian attacks on three commercial vessels in the Strait of Hormuz, including a Qatari LNG carrier, prompted new US strikes on Iran and the revocation of a sanctions waiver on Iranian oil sales. Brent crude jumped as much as 6% intraday, tankers made U-turns, and the IMO urged ships to avoid the waterway.
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Priya Raghavan
Energy Markets Analyst