Breaking Posted 4 hours ago

Crude tanker struck by projectile in Strait of Hormuz

News
Indian crude oil tanker MT ST 3 was hit by a projectile in the Strait of Hormuz on October 16, carrying 15 Indian seafarers. The incident disrupts a critical energy chokepoint. Crude supply concerns support CAD; energy cost pressures affect EUR, particularly relevant given Eurozone fiscal stress.
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