“Oil prices jumped on Monday after a drone strike sparked a fire at an Emirati energy installation, threatening a fragile US-Iran ceasefire, while US warships entered the crucial Strait of Hormuz. Seoul and Taipei hit record highs 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 the drone strike in the emirate of Fujairah.
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