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Breaking Posted 3 hours ago

Oil Tanker Fires Escalate East of Strait of Hormuz

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Multiple oil tankers reported burning east of the Strait of Hormuz, a critical energy chokepoint. Energy supply disruption concerns lift crude prices and support commodity-linked currencies, particularly CAD. Traders monitor whether this escalation triggers central-bank repricing on inflation expectations following recent BOJ and SNB signals on oil-driven price pressures.
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