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Asian shares retreat as report of damage to oil takers pushes oil prices higher

Asian shares and U. S. futures retreated on Thursday as oil prices jumped more than 2% following a report by Iran's state television that seven oil tankers caught fire and were damaged in the Strait of Hormuz. If the report is verified, it would be the largest number of vessels damaged in the waterway in a single day since the start of the Iran war on Feb. 28. Brent crude, the international standard, gained 2. 1% to $111. 11 per barrel. It has been bouncing between $97 and $112 in recent days...

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