Oil prices rose on Wednesday after the U.S. launched fresh strikes on Iran in retaliation for attacks on commercial vessels in the Strait of Hormuz.

The United States launched extensive strikes on Iran over attacks on ships in the vital Strait of Hormuz, triggering a wave of reprisals Wednesday that Iran's Guards said targeted…

A cluster of strikes on vessels in the Strait of Hormuz puts a fragile peace framework into jeopardy, as unrestricted passage is a central provision of the newly brokered…