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Iran’s Islamic Revolutionary Guard Corps said an oil tanker caught fire after striking a naval mine in the Strait of Hormuz, according to state broadcaster IRIB. The reported incident puts the world’s most important oil chokepoint—through which roughly a fifth of global petroleum consumption typically flows—back in focus for energy markets. Traders will watch whether the IRGC identifies the vessel and its flag, and whether shipping traffic through the strait is disrupted or rerouted. The key question is whether the event proves isolated or escalates into a broader Gulf shipping risk, which would feed directly into crude prices and freight rates.

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Strait of Hormuz, IRGC, IRIB