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Brent crude surged past US$100 a barrel on September 9, hitting US$100.19 before settling near US$99.90, as Iran and the United States exchanged their most intense wave of attacks on shipping since their war began seven months ago. Iran declared it struck 10 ships near the Strait of Hormuz after the US sank five Iranian oil tankers, turning the world's most critical oil chokepoint into a live battlefield. Asian stock markets traded sluggishly, with the Hang Seng...
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