World

⚡Iran’s Mounting Attacks on Gulf Oil and Gas Sites Send Energy Prices Higher

By AP

The strikes, in retaliation for an Israeli attack on a key Iranian gas field, sent fuel prices soaring and risked drawing Iran’s Arab neighbors directly into the conflict. Iran's targeting of energy production further stressed global supplies already under pressure because of its stranglehold on the Strait of Hormuz, a strategic waterway through which a fifth of the world’s oil is transported.

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