The U.S. military launched a second night of strikes against Iranian targets late Wednesday, saying it was retaliating against Iran for attacking commercial ships earlier this week.

Daily tanker traffic in the Strait ⁠of ⁠Hormuz appeared to have slowed on Friday, after ⁠the U.S. and Iran exchanged hostilities this week and renewed their arguments over who was in control of passag...

About a fifth of ‌the world's oil supply transited through the Strait of Hormuz before the ⁠war, and Iran's effective blockade of the waterway has caused energy prices to surge, fuelling global inflat...