Energy
Brent near $117 as tanker is hit in Hormuz, oil set for fourth monthly gain
Brent rose to about $117, set for a 13pc monthly gain, after a tanker in the Strait of Hormuz was hit by explosives; traders fear escalation after the midterms.
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Brent rose to about $117, set for a 13pc monthly gain, after a tanker in the Strait of Hormuz was hit by explosives; traders fear escalation after the midterms.
Iran's armed forces chief said any vessel deviating from Iranian-designated routes in southern waters would face serious damage, as KLM cancelled winter Gulf flights.
Iranian officials told Reuters Tehran had changed tactics to target more ships in and beyond Hormuz before the US vote, as Brent crude rose to $106.32.