Iran is retaliating against Israeli and US attacks where it hurts the most: Energy.

And the world is already feeling it at the pump.

Tehran has disrupted shipping through the Strait of Hormuz – a narrow waterway through which a fifth of all global oil flows.

It has also launched a series of counterstrikes across the Gulf, against oil and gas facilities.

Any further disruption to that flow would cripple the world’s largest importing economies – from East Asia to Europe.

Oil and gas prices are climbing.

That means higher fuel costs for cars, power plants and industry – rippling through the global economy.