Tensions in the Strait of Hormuz drive oil prices as US and Iran both claim control
Tensions are ongoing over the fate of the Strait of Hormuz as both the United States and Iran are claiming control of the waterway. A recent escalation of the attacks in the region is driving oil prices in several countries.
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It said Iran's Revolutionary Guard launched missiles at two U.S. Navy ships. Meanwhile, Americans face record-high Labor Day Weekend gas prices.
