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Aerial view of a large oil tanker at sea

World

Fires Reported on Tankers in Strait of Hormuz as U.S. Strikes Qeshm Island and Mediation Intensifies

Iran's Revolutionary Guard reported two tankers and a tugboat caught fire in the Strait of Hormuz, in reports not independently confirmed. The U.S. carried out limited strikes on Qeshm Island, while Qatar stepped up mediation and oil prices kept falling on hopes of a deal.