Oil prices rose sharply after Iran claimed it had closed the Strait of Hormuz in response to fresh U.S. military strikes.

Oil prices rose after U.S. strikes on Iranian military targets revived fears of escalation near the Strait of Hormuz.

June 11 : Oil prices climbed more than $2 a barrel Thursday as Iran declared the critical energy chokepoint, the Strait of Hormuz, closed after the U.S. launched additional…