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The US Seizes Another Iranian Oil Tanker
Oil prices surged by 2.5% but
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Oil prices surged by 2.5% but later trimmed their gains to 1.0% following reports that the U.S. Navy had seized an Iranian tanker carrying oil worth $380 million. This incident, which occurred in the Persian Gulf, marks another escalation in the already tense relationship between Tehran and Washington. According to the American side, the ship was detained as part of the blockade of the Strait of Hormuz, as the oil was intended to support the activities of the Islamic Revolutionary
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Miroslaw Bawulski,
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