Global oil prices have soared as one-fifth of the world’s supply normally transits the strait.

Iran state media confirms the killing of Ali Larijani, the influential secretary of Iran’s Supreme National Security Council, in an air strike.

The IRGC said in a statement that a “criminal enemy” had “violated part of Iran’s fuel and energy infrastructure” and reiterated earlier threats to retaliate if Iran’s energy, gas or economic faciliti...