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Iran Claims Responsibility for Oil Tanker Attacks as Global Markets Reel

Iran Claims Responsibility for Oil Tanker Attacks as Global Markets Reel

Iran has claimed responsibility for attacks on two oil tankers in Iraqi waters that killed one crew member, as global oil prices doubled to $110 per barrel following the closure of the Strait of Hormuz. The International Energy Agency's 32 member nations agreed to release 400 million barrels from strategic reserves in the largest coordinated emergency release since the Ukraine war.