Two More Oil Tankers Are Attacked in the Strait of Hormuz

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Two oil tankers were attacked near Oman in the Strait of Hormuz on Monday, causing oil prices to rise by over 2 percent. In response to these vessel attacks in the Persian Gulf, the US launched strikes against Iranian targets. These escalating US-Iran tensions in the Strait of Hormuz are increasing the risk of a broader conflict and could heighten volatility within the global oil market, according to reports from the region.
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