War with Iran delivers high oil prices and another shock to the global economy

War with Iran delivers high oil prices and another shock to the global economy

Much of the pain is being caused by an effective closure of the Strait of Hormuz, which carries a fifth of the world's oil.

WASHINGTON (AP) The war with Iran is doing collateral damage to the world economy. The conflict is driving up energy and fertilizer prices; threatening food shortages in poor countries; destabilizin… [+7765 chars]