Israel-Iran conflict raises alarm over Strait of Hormuz. What it means for oil prices and inflation. - MarketWatch
1. Israel's military actions against Iran heighten risks to oil supply routes. 2. Oil prices spiked by 14% post-airstrikes but retracted gains afterwards. 3. Closure of the Strait of Hormuz could drive oil prices significantly higher. 4. Market strategists warn of increasing inflation due to higher energy prices. 5. Past geopolitical tensions have led to short-lived spikes in oil prices.