The Latest: Global energy concerns mount as Iran threats stop cargo through the Strait of Hormuz

The ongoing Israeli-American war on Iran, for all its complexity and global effects, boils down to a single question: Who can take the pain the longest? A surge in oil prices points to what may be Iran’s most effective weapon and the United States’ biggest vulnerability in continuing the campaign: Damaging the world economy. Wednesday’s major developments include Iranian attacks against commercial ships across the Persian Gulf and its targeting of Dubai International Airport. The U.S. campaign of air strikes also continues, and the Israeli military said it is simultaneously striking across Iran as well as Hezbollah infrastructure in Beirut.