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US military reportedly attacks Iranian oil tanker near the Strait of Hormuz
Oil and crypto turned volatile after reports that US forces fired on an Iranian-flagged tanker near the Strait of Hormuz.
Iranian state media said Tehran retaliated with missiles at US naval units.
US officials confirmed an encounter with the tanker, but denied reports that American warships were struck.
The market reaction makes sense: any escalation around Hormuz can quickly spill into oil, infla#GateSquareMayTradingShare