Reuters20 hours ago·1 min read·medium

Oil prices rise as Iran deploys new tactics to target ships transiting Hormuz

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Oil prices have increased following reports of two vessels being struck in the Strait of Hormuz. Iranian officials have indicated they are implementing new tactics to target shipping in the region.

Why it matters

Escalating tensions in a critical global oil transit chokepoint could lead to significant supply chain disruptions and higher energy costs worldwide.

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TOKYO, Oct 14 (Reuters) - Oil prices climbed on Wednesday after two vessels were struck in the Strait ‌of Hormuz and Iranian…

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Also covering this story

3 other newsrooms covered this event. We read each version separately.

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The HinduNot placed

Iran reports cargo ship sinks after hitting mine in Strait of Hormuz

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