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Strait of Hormuz crisis deepens as tanker attack rattles global energy markets
Photo — İrfan Simsar / Pexels
A tanker attack in the Strait of Hormuz has intensified concerns over regional escalation and disruptions to global oil supplies. Brent crude ended October at $117.64 a barrel, up 13.6% for the month, while reported U.S.-Iran proposals could involve uranium arrangements and reopening the waterway within seven days.