Live Updates: Japan and Germany to Release Oil as War in Iran Threatens Global Supply

The Strait of Hormuz, a conduit for a fifth of the world’s oil, is all but closed as war in the Middle East expands. A British agency said three ships were hit by unidentified projectiles in or near the strait.​ Read More The Strait of Hormuz, a conduit for a fifth of the world’s oil, is all but closed as war in the Middle East expands. A British agency said three ships were hit by unidentified projectiles in or near the strait.