Along the ancient arteries of global energy — the pipelines and straits that bind the modern world's economies together — a cascade of military strikes has reminded markets how fragile the infrastructure of civilization truly is. On Monday, oil prices surged past $107 per barrel as Houthi and Iranian attacks shuttered Saudi Arabia's East-West pipeline and threatened shipping through the Strait of Hormuz, placing roughly 4 percent of the world's oil supply in jeopardy. The violence, which has claimed lives and forced sailors to abandon burning vessels, now presses against a diplomatic window th
Oil surges 2.77% as Houthi strikes, Iran attacks threaten global supply
One person killed and four crew wounded aboard an Iranian vessel struck off Iran's coast; crew evacuated from a vessel hit in the Strait of Hormuz.