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Oil Prices Surge After Gunfire Reports Hit Ships in Hormuz Strait
International
Published on 24 April 2026
At least three container ships were targeted
Oil prices climbed sharply on Wednesday as reports of gunfire attacks hit at least three container ships in the Strait of Hormuz. Brent crude futures pushed above $100 a barrel, reversing earlier losses, with gains driven by heightened shipping and regional risk. Investors are now watching further developments for impact on global supply routes.
- Brent crude rose above $100 a barrel
- Reports said gunfire targeted at least three container ships
- Earlier losses were erased as risk premiums increased
- Markets will track shipping and security updates closely
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This summarization was done by Beige for a story published on 
Republic