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The U.S. strikes on Kharg Island and Trump's threat to hit Iran's oil infrastructure mark a major escalation in the war, according to JPMorgan.
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Trump's comments come after he called on several countries to send warships so as to secure the critical waterway
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The ceremony saw Michael B. Jordan win best actor and "Sinners" cinematographer Autumn Durald Arkapaw make Oscar history as the first female director of photography to win the award.
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;Resize=(620)) The ?Israeli ?military said ?on Monday that its ?troops ?had ?begun ?"limited ground ?operations" against Hezbollah positions ?in southern Lebanon ?in ?recent ?days to ?bolster ?forward ?defences as the death toll from Israeli airstrikes in the country climbs.
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We're answering some of your questions about the war.
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The global city under fire.
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Awkward choices emerge for mainstream parties after the first round of mayoral elections.
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Iran's critical oil export hub Kharg Island is now in U.S. President Donald Trump's sights, with Trump threatening strikes on the island's oil infrastructure.
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Global oil prices have soared as one-fifth of the world's supply normally transits the strait.
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Wright said gas prices should come down soon, but there is no guarantee.
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The winning actors, directors, pictures and more at the 98th annual Academy Awards.
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One Battle After Another dominated the night with six awards, while Sinners and Frankenstein weren't far behind.
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The impact in the UK of the ongoing conflict in the Middle East features on Monday's front pages.
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U.S. crude oil passed $100 per barrel Sunday, continuing its surge despite efforts by the Trump administration and allied countries to slow rising prices.
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President Trump has urged China, Britain, France, Japan and South Korea to send warships to help reopen the waterway, even though they were not involved in the U.S.-Israeli attack on Iran.
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The conflict in the Middle East has entered a third week, with Israel announcing a barrage of new strikes on western Iran on Sunday, while the U.S. defense department released the names of six service members who died when their military refueling aircraft crashed.
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The email solicitation to benefit Trump's PAC also offers donors "private national security briefings."
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The islands off Iran have become the latest focus of the war after a U.S strike destroyed military sites on Kharg Island. The string of islands are critical to Iran's oil industry and its national security.
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;Resize=(620)) Prime Minister Mark Carney and Norway's Jonas Gahr Støre stressed energy stability during talks in Oslo as the Middle East war rattles global oil markets. Canada will release 23.6 million barrels following an International Energy Agency call for coordinated action. Both leaders also urged de-escalation and pledged closer Canada-Norway cooperation on Arctic security.
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