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World shares retreat as report of damage to oil tankers pushes oil prices higher

World shares retreat as report of damage to oil tankers pushes oil prices higher
Photo: KSAT 12 (ABC affiliate) · view original

World shares and U.S. futures retreated on Thursday as oil prices jumped more than 2% following a report by Iran's state television that seven oil tankers caught fire and were damaged in the Strait of Hormuz. If the report is verified, it would be the largest number of vessels damaged in the wate...

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