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Tanker attack in Strait of Hormuz deepens global energy crisis

Photo — İrfan Simsar / Pexels

A tanker attack in the Strait of Hormuz has intensified fears over energy supplies and helped push Brent crude to $117.64 a barrel, with the benchmark gaining 13.6% in October. The incident comes as Iran war risks unsettle markets and raise concern about disruption to one of the world’s most important oil routes.