Tensions across the Middle East escalated on Monday after Iran announced plans to establish a maritime “exclusion zone” outside the strategic Strait of Hormuz, stopping ships that try to pass without Iranian authorization. The move follows recent U.S. strikes that disabled three Iranian oil tank ers, pushing global energy markets higher and prompting sharp warnings from […] Oil Prices Surge As Iran Threatens Hormuz Exclusion Zone, Vows Retaliation Against U.S. ...read more read less