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A fire broke out on a platform in Iran's South Pars gas field, according to the Fars news agency, with authorities saying the situation is under control. South Pars is the world's largest natural gas field, shared by Iran and Qatar, and hosts a large share of Iran's gas output. The report did not specify the platform's operator, the cause of the blaze, or the extent of any damage or output disruption. Traders will watch for confirmation from Iran's oil ministry and any sign of impact on gas production or exports.

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South Pars Field, Iran, Fars News Agency