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An oil tanker caught fire east of the Strait of Hormuz this morning after striking a naval mine, according to Iran's army navy. The vessel was described as non-compliant, though no further details on its flag, cargo or crew were given. The incident hits one of the world's most critical chokepoints for crude and refined product flows. Watch for confirmation of the ship's identity and cargo, any disruption to tanker transits through the strait, and the response in oil and freight markets.

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Strait of Hormuz, Iranian Army Navy, oil tanker