Iran Fires Missiles at Commercial Ships in Strait of Hormuz

Iran launched at least two missiles at commercial vessels passing through the Strait of Hormuz late Wednesday, a US official told Axios, as reported by Bloomberg. The attack raises tensions in a vital chokepoint for global oil shipments.

The Strait of Hormuz handles about a fifth of the world's petroleum consumption. Any disruption there could tighten supply and push crude prices higher. No casualties or damage have been confirmed so far.