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Iran’s navy said an oil tanker struck a mine in the Strait of Hormuz on Saturday, according to Fars, as reported by First Squawk. The claim puts the world’s most important oil chokepoint back in focus, since roughly a fifth of global petroleum moves through Hormuz. Traders will watch for confirmation from ship operators and insurers, and for any sign of disruption to tanker traffic or freight rates.

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Strait of Hormuz, Iran Navy, oil tanker, Fars News Agency