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World shares retreat as report of damage to oil tankers pushes oil prices higher
World shares and U.S. futures have retreated after oil prices jumped more than 2%. European markets opened lower Thursday and benchmarks in Seoul and Hong Kong fell more than 3%. Tokyo's Nikkei 225 fell 2.7%. The price of Brent crude oil was hovering near $112 per barrel after Iran's state television reported that seven oil tankers caught fire after being targeted or striking naval mines in the Strait of Hormuz. On Wednesday, the S&P 500 added 0.6% and the Dow Jones Industrial Average added 0.7%
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