The renewed U.S.-Iran conflict is increasingly centered on control of the Strait of Hormuz, with continued military escalation failing to stop Iranian pressure on commercial shipping while regional political and economic risks continue to grow.

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…

The U.S. military launched a series of strikes against Iranian targets early Wednesday after three merchant ships were struck in the waters off Oman.