Oil Tankers Off Iran Hit by Suspected Torpedoes – The Wall Street Journal

DUBAI—Two oil tankers were damaged in attacks off the coast of Iran early Thursday, including one operated by a Japanese company, on a day when Tehran rebuffed attempts by Japan’s Prime Minister Shinzo Abe to ease a military standoff with the U.S.

The incidents sent oil prices sharply higher, reigniting fears of trade disruptions in the Strait of Hormuz, through which over a third of the world’s seaborne crude oil is shipped. Brent crude, the international benchmark for crude prices, rose 4% on Thursday to $62.37.

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