DEVELOPING: At Least 32 Missing After Oil Tanker Collision off Chinese Coast

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An Iranian oil tanker was set ablaze, with cargo spilling into the ocean, after it collided with a Chinese freighter, leaving 32 crew members missing.

The tanker was travelling from Iran to China and was carrying approximately $60 million of oil. Fire was surrounding the ship due to the oil slick, making rescue operations difficult for the Chinese government. It is not immediately clear as to how much fuel has been leaked. (source) 2:18 p.m. ET January 7, 2018

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