The US military struck Larak Island on Sunday, killing two people and hurting others. This is the first military action in over a month.
Why it mattersFighting in the Strait of Hormuz risks global oil supplies. It could push energy prices higher around the world.
AustraliaRising oil prices from Middle East conflict could increase petrol costs for Australian drivers and lift energy bills for households and businesses.
✓ Claims checked against the source. checked 2 h ago
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