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Tensions Rise in Strait of Hormuz as Singapore-Registered Vessel Sinks

CNBC ·

  1. 1The Singapore-registered container ship GFS Pride sank after catching fire from an unidentified projectile in the Strait of Hormuz.
  2. 2Iran stated that it is waiting for the moment to strike a US warship.
  3. 3Oil prices rose, with Brent crude recording $106.06 per barrel.

So what's the key point?

A Singapore vessel sank after being attacked in the Strait of Hormuz. Oil prices rose to $106.06 per barrel due to tensions with Iran.

Source CNBC · View original ↗

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