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Smoke rises from tankers in the Strait of Hormuz as oil nears $118 a barrel

The price of a barrel of oil has approached $118.

The Baku NEWS·30 October 2026 at 14:14 (Baku time)
Smoke rises from tankers in the Strait of Hormuz as oil nears $118 a barrel

As columns of smoke rise from oil tankers in the Strait of Hormuz, oil prices on the world market are also climbing.

The price of a barrel of oil has approached $118.

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