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Economy News

The Economic Times

Economy / The Economic Times

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One killed in attack on oil tankers off Iraq, rescue operation ongoing

An attack on two oil tankers near Iraq resulted in at least one crew member's death and 38 rescues, with the search for missing individuals ongoing. Iraqi authorities reported the vessels were subjected to sabotage, occurring approximately 50 kilometers offshore. The incidents follow Iran's campaign to disrupt global energy markets amid ongoing regional conflicts.

12 Mar 2026 7:21 am