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energyLOWIR2026-05-04 16:30 UTC

Oil prices jump as Iran attacks UAE, US warships enter Hormuz

Oil prices jumped on Monday after a drone strike sparked a fire at an Emirati energy installation following US warships crossing the crucial Strait of Hormuz. Seoul and Taipei hit record highs Monday as Asian traders joined the rally in tech shares, but US equity indices retreated from record finis

ORIGINAL SOURCE →via Al-Monitor
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