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Bloomberg

Oil Jumps After Tanker Hit in Middle East Flare-Up

Sunday, June 28, 2026


Title: Oil Prices Rise After Tanker Struck in Middle East

Summary: Oil prices increased following an incident in which a tanker carrying Qatari crude was struck. The incident occurred during escalating tensions between the US and Iran. Shipping activity in the Strait of Hormuz has been affected by the developments.

Original reporting: https://www.bloomberg.com/news/articles/2026-06-28/latest-oil-market-news-and-analysis-for-june-29

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