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Iranian Kamikaze Drone Boat Makes First Successful Strike Of War The War ZoneIran starts ‘indiscriminate' strikes across Gulf of Oman, hits shadow tanker tied to regime Fox NewsUS-sanctioned oil tanker hit off Oman coast ReutersIran's Revolutionary Guards claim drone attack on oil tanker in Strait of Hormuz The Times of Israel
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Investors leaned onto U.S. energy stocks on Monday, with the widening conflict in the Middle East boosting shares of major U.S. exploration and production and integrated-energy companies, in particular Chevron, whose stock zoomed toward a record high.
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The war in the Mideast has effectively halted shipping through the Strait of Hormuz, threatening to push up gas prices and raise the cost of other goods.
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Global oil prices are in the high $70s as traffic through Strait of Hormuz comes to a halt. Some analysts have warned they could top $100 a barrel if the stoppage is prolonged.
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