Oil prices rise amid tanker attacks

Oil prices rose significantly following a surge in attacks on oil tankers in the Strait of Hormuz. Record numbers of over ten attacks were reported in just one week, leading to the lowest shipping traffic in two months. Concerns heightened over potential supply disruptions and escalating tensions between Iran and the United States. Meanwhile, Hurricane Iseyas is heading toward the U.S. refining Gulf, threatening production, and Iran has announced its readiness to close routes through the strait if the attacks continue.

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