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The renewed hostilities posed fresh risks to ships seeking to navigate the Strait of Hormuz.
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Oil prices rise as U.S. and Iran fight for control of Strait of Hormuz CNBCTrump's time is running out to avoid a nightmare Strait of Hormuz scenario FortuneOil jumps more than 3% after US, Iran launch strikes in Mideast ReutersOil Prices Set for More Volatility After Latest Iranian Attack on Ship in Gulf The New York Times
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Iran named the hard-line Ayatollah Mojtaba Khamenei to succeed his late father as supreme leader on Monday, signaling no letup in the war launched by the United States and Israel. Oil prices surged as Iran attacked regional energy infrastructure and the U.S. and Israel bombed targets across Iran.
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