Consumers are set to pay higher prices, but US producers could benefit, analysts say. The United States and Israel’s war with Iran has spilled over into the Strait of Hormuz, one of the world’s most critical energy chokepoints, prompting a surge in oil prices. Shipping through the strait, which carries one-fifth of the oil consumed globally as well as large quantities of gas, has ground to a near halt amid Iranian attacks on oil tankers in the region. A commander in Iran’s Revolutionary Guard Corps (IRGC) said on Monday that the strait was “closed” and that any vessel attempting to pass through the waterway would be set “ablaze.” At least five tankers have been damaged, two personnel killed and about 150 ships stranded around the strait, which separates Iran and Oman. Oil prices rose ...