Traffic through the Strait of Hormuz has dropped off amid warnings from the Iranian Revolutionary Guard. What happens next could have major implications for the global economy.
Oil futures will begin trading later on Sunday. Saudi Aramco shares were climbing as trading resumed in Saudi Arabia, possibly hinting that crude is headed for a surge.
Disruptions Hit Shipping, Air Travel as Fighting Continues in Middle East Barron'sMaersk to Halt Some Red Sea Shipping in Sign of War's Disruption to Global Supply Chain The New York TimesShipping companies divert vessels around Cape of Good Hope after strikes on Iran ReutersTop Shippers Cut Mideast Bookings Amid Dubai Port Suspension BloombergUpdate on Red Sea Transit a
