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Singapore Vessel Sunk in Strait of Hormuz Attack

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Story summary
  • A Singapore-registered vessel was sunk in the Strait of Hormuz between Oman and Iran.
  • Brent crude futures for December delivery fell 1.5% to $104.52 a barrel.
  • The Trump administration is considering easing sanctions on shadow-fleet vessels that transport Russian oil.
  • The International Energy Agency warned diesel market constraints could persist into next year.
  • Singapore maritime authority called the attacks unprovoked, unjustifiable and a breach of international law.