The widening U.S.-Iran conflict is increasingly threatening military assets and the world's most important oil shipping routes, raising the risk of a major disruption to global energy markets.

The opening of a second front in the war in the Middle East and depleted stocks of oil and refined products around the globe have left the world vulnerable, and oil prices are…

A new asymmetry in the market means fuel prices won't fall quickly even if the shooting in the Iran war and Strait of Hormuz stops.