The U.S. military launched new strikes against Iran in response to Iranian attacks on three commercial vessels that were transiting the Strait of Hormuz. The Trump administration also revoked a key waiver that allowed the sale of Iranian oil. Geoff Bennett discussed what the latest developments could mean for the global oil supply with maritime security expert Ian Ralby.

Two tankers struck by projectiles in the Strait of Hormuz, says United Kingdom Maritime Trade Operations centre

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…