Iran War Live Updates: Countries Agree to Tap Oil Reserves as Tanker Attacks Add to Supply Fears

The Strait of Hormuz, a conduit for a fifth of the world’s oil, is all but closed as war in the Middle East expands. A British agency said three ships were hit by unidentified projectiles in or near the strait.​The Strait of Hormuz, a conduit for a fifth of the world’s oil, is all but closed as war in the Middle East expands. A British agency said three ships were hit by unidentified projectiles in or near the strait.