Gulf states depend on food imported via the strait — and shipping surcharges could raise the cost of consumer goods around the world.

The latest incidents in or near the Strait of Hormuz come shortly after Iran warned the world to prepare for $200 oil prices.

The cost to ship goods in containers to Europe from China jumped over the past week as the war in the Mideast disrupts one of the world’s busiest shipping routes and lengthens delivery times.

Three vessels were hit in and around the Persian Gulf on Wednesday, according to a British maritime agency. Iran claimed responsibility for one.

Vladimir Putin’s shadow tankers are racing to India after Donald Trump temporarily waived US sanctions on Russian oil. Ships carrying Russian crude are making U-turns in the ocean so that the Kremlin ...