Iran-US tensions spike as tanker raid derails nuclear talks and drives up oil prices
US Marines stormed an Iranian commercial tanker in a six-hour stand-off in the Strait of Hormuz, blowing a hole in the vessel's engine room. The incident has thrown the fragile US-Iran peace process into disarray, with analysts identifying uranium enrichment, sanctions, and Hormuz access as key sticking points. Brent crude jumped 5% to $94.72 a barrel following the breakdown in negotiations.
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