Escalating attacks on key oil and gas facilities in the Persian Gulf have increased the risk of an extended bout of higher prices for everything from gasoline and electricity to computer chips and food.
Iran launched strikes on key Gulf infrastructure Thursday in retaliation for an Israeli attack on a natural gas field that supplies most of the country's natural gas. The tit-for-tat attacks have raised fears that the initial price shocks at the start of the war may become more entrenched.
