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US Hits Targets Near Iran's Kharg Island, Fox News Says
Source: Bloomberg
Geopolitics & WarEnergy Markets & PricesCommodities & Raw MaterialsTransportation & Logistics
The US reportedly launched attacks near Iran's Kharg Island and the port city of Jask, with Iranian oil tankers also hit, according to Fox News. The reported escalation threatens crude-export and shipping infrastructure near the Strait of Hormuz as Brent crude trades around $100 per barrel, raising risks of a significant oil-supply disruption and broader market risk-off moves.
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