A fifth of global oil flows through the Strait of Hormuz. Here’s why its closure is shaking energy and shipping markets.

DUBAI, United Arab Emirates (AP) — Attacks on commercial ships in the Persian Gulf continued on Wednesday, as global energy concerns mounted and the Strait of Hormuz, a key passageway for oil shipping, remained effectively closed. The attacks came as the ...

The ongoing American-Israeli war on Iran, for all its complexity and global effects, boils down to a single question: Who can take the pain the longest? A

Fearing the supply disruption, Brent crude climbed to $78.55 per barrel, up 7.8% from $72.87 The Strait of Hormuz is crucial as about 20% of global oil supply,that is around 15 million barrels per day, pass through it.

The Israeli military said Hezbollah launched around 200 rockets and 20 drones at Israel overnight, calling it the group’s largest barrage since the war began. Spokesman Nadav Shoshani said the attack coincided with Iranian missile fire,

Attacks by the U.S. and Israel on Iran, and Iranian missile and drone attacks on neighboring countries, have disrupted oil and gas supplies to the rest of the world — and dealt an energy price

The attacks against shipping vessels came as the U.S. said it destroyed more than a dozen mine-laying Iranian ships to prevent the Strait's closure