Vessels near the Strait of Hormuz, as seen from Musandam, Oman, on August 17. Stringer/Reuters As we’ve been reporting, Iran’s security chief has threatened to halt oil flow out of the Strait of Hormuz, according to state-affiliated Press TV. Mohsen Rezaei, the secretary of Iran’s Supreme National »»»

Oil prices advanced on Friday and were on track for sharp weekly gains, as escalating fighting between the United States and Iran kept traders focused on the risk of supply disruptions from the Middle East. As of 07:53 ET (11:53 GMT), Brent crude futures, the global oil benchmark, had risen 2.0% to»»»