“Oil prices jumped on Monday after a drone strike sparked a fire at an Emirati energy installation following US warships crossing the crucial Strait of Hormuz. Seoul and Taipei hit record highs Monday as Asian traders joined the rally in tech shares, but US equity indices retreated from record finishes last week. Oil prices climbed, with the benchmark international contract Brent crude for July delivery jumping more than five percent, after a drone strike caused a fire at an energy installation in the emirate of Fujairah, authorities said Monday.
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