The United States will not allow shipping in the Strait of Hormuz "to be contested" by Iran, U.S. Defense Secretary Pete Hegseth said Friday.
Energy price surge worsens Europe's cost-of-living pressures2026-03-10
A sharp rise in oil and gas prices amid escalating tensions in the Middle East and fears that the Israel-United States war on Iran could disrupt supplies through the Strait of Hormuz is intensifying Europe's cost-of-living pressures.