surges

Oil prices leap past $100 as Iran conflict chokes Hormuz, stoking global food inflation risk LONDON — Oil prices surged above $100 a barrel this week, the highest since Russia’s 2022 invasion of Ukraine, as escalating conflict involving U.S.-Israeli forces and Iran on Feb. 28 rattled energy markets and raised the specter of renewed food inflation worldwide. The Strait of Hormuz — the narrow chokepoint between the Persian Gulf and the Gulf of Oman through which roughly 20% of global oil supply moves — has seen marine traffic…