IRIB reports the IRGC Navy said three tankers struck naval mines and then caught fire and exploded in the Strait of Hormuz in the early hours, while travelling on unauthorised routes with their navigation and identification systems switched off.

Observed price moves

• Crude oil (CL Dec26)+0.27%10 min after this headline
• Nasdaq 100 fut (NQ Dec26)-0.05%10 min after this headline
• Dow fut (YM Dec26)-0.02%10 min after this headline

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