Iran crisis escalates: Oil prices jump as attacks paralyze Strait of Hormuz shipping

The widening conflict in the Middle East has paralyzed shipping through the vital waterway, choking off critical energy flows from the region

Oil prices held near multi-month highs on Thursday as attacks on tankers and the escalating conflict in the Middle East disrupted shipping through the Strait of Hormuz, one of the world’s most critical energy chokepoints.

The US–Israeli war with Iran entered its sixth day, with Washington and...