Rising tensions in the Strait of Hormuz and the Red Sea are threatening key global shipping routes. Here's the latest on what's happening and what it could mean for energy markets.

Sept. 1 (UPI) -- Two oil tankers were struck by unknown projectiles on the Strait of Hormuz while the renewed fighting between Iran and the United States sends oil prices on the rise again.

Sept. 1 (UPI) -- Two oil tankers were struck by unknown projectiles on the Strait of Hormuz while the renewed fighting between Iran and the United States sends oil prices on the rise again.