Across the ancient chokepoints of the Middle East, the language of conflict has once again translated into the language of markets. A cascade of military strikes — on Saudi pipelines, commercial vessels, and strategic islands — has pushed oil above $107 a barrel, reminding the world how thinly the thread of global energy security is stretched. With two of the most critical maritime passages now under pressure and diplomatic talks postponed, the question is no longer whether disruption is possible, but how much the world is prepared to absorb.
Oil surges past $107 as Middle East tensions threaten global supply routes
One person killed and four crew members wounded after an Iranian commercial vessel was struck off Iran's coast.