9 articles · Updated · The Wall Street Journal · May 4
Brent crude swung between $105.55 and $114.30 after Iranian media said missiles hit a US Navy vessel, a claim denied by US Central Command.
The spike followed President Donald Trump's plan to guide commercial shipping through the strait, though officials said it does not currently include US Navy escorts.
Analysts and shipping experts doubt the plan can reopen traffic without naval protection, warning any clashes with Iranian forces could deepen volatility and complicate efforts to build an international coalition.
What is Iran’s real price for reopening the world’s most vital waterway?
Is the U.S. guiding ships to safety or into a calculated conflict?
Beyond oil, what critical global supply chains are now at risk?