Hormuz shipping risk deepens as US strikes Iran and Tehran fires back

The security situation around Iran’s southern coast worsened again on Thursday, after the US launched a fresh round of strikes on Iranian targets and Tehran responded by firing at US-linked positions in Gulf Arab states, deepening fears over the safety of shipping through the Strait of Hormuz.

The latest escalation follows several days of attacks on commercial vessels near one of the world’s most important energy routes, as well as new damage reported in the southeastern Iranian city of...