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Three tankers ablaze in Strait of Hormuz as oil may climb above $100
Iran's Islamic Revolutionary Guard Corps said three tankers caught fire in the Strait of Hormuz on Sunday, November 8, after attempting to pass through a route not approved by Tehran. Earlier on Wednesday, IRGC reported that four tankers hit mines in the Hormuz area and were destroyed. Brent crude closed Friday's session at 98.32 USD per barrel, down more than 16% for the week from above 110 USD on Monday — weekend attacks could reverse the trend and push prices back above $100.
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