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CommodityOilPrice.com

Iran Says Four Oil Tankers Destroyed by Mines Near Strait of Hormuz

Four oil tankers were destroyed after hitting naval mines in an area south of the Strait of Hormuz proscribed by Iran as prohibited for navigation, Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Wednesday, as attacks on vessels in the region intensify while crude oil flows have dipped from recent highs. The four tankers are still ablaze, while two other vessels have been seized, the…

ForexForexLive

Eurozone inflation hits 4% for first time since 2023, piling pressure on ECB

Eurozone October preliminary CPI +4.0% vs +4.0% y/y expected Prior +3.8% Eurozone October preliminary core CPI +2.5% vs +2.5% y/y expected Prior +2.5% Headline annual inflation in the euro area climbs to 4% in October, hitting that mark for the first time since September 2023. Now, that's a doozy for ECB policymakers. The culprit is once again higher energy prices, with energy inflation…

ForexForexLive

Eurozone October preliminary CPI +4.0% vs +4.0% y/y expected

Eurozone October preliminary CPI +4.0% vs +4.0% y/y expected Prior +3.8% Eurozone October preliminary core CPI +2.5% vs +2.5% y/y expected Prior +2.5% Details to follow.. This article was written by Justin Low at investinglive.com.

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