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Breaking Posted 1 hour ago

Iran Reports Three Tankers Hit Mines in Strait of Hormuz

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Iran's Revolutionary Guards Navy reported three tankers caught fire after striking mines off the southern Strait of Hormuz coast within 24 hours. The incident affects crude-oil transport through a critical global chokepoint; crude prices and petro-currencies (CAD, RUB, NOK) are sensitive to supply disruptions here. Markets have priced in recurring geopolitical escalation in the region; major FX reaction depends on whether traffic is genuinely blocked or transit resumes.
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