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Iran Strikes UAE Oil Sites
Iran struck energy sites in the United Arab Emirates. A gas field caught fire after a drone strike.
A tanker was hit near the Strait of Hormuz. The Strait of Hormuz lies between Iran and the UAE.
A major oil port halted operations. Oil prices rose on Tuesday. Markets reacted to the supply disruptions across the Middle East.
Klear Note — The Strait of Hormuz is a narrow waterway between Iran and UAE. About one-third of world oil passes through it. Attacks there disrupt global oil supplies and raise prices worldwide.