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Oil Flow Plummets
- Two cargo ships sank after being struck by projectiles in the Strait of Hormuz during the week of October 15-17, 2026.
- Reporters note the escalating danger to commercial shipping and rising oil prices that burden consumers ahead of the U.S. midterm elections.
- UK Maritime Trade Operations reported at least twelve vessel attacks that week, including one sinking.
- Kpler data showed oil flow fell to 4.1 million barrels daily, under a quarter of levels.
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