The war between Israel and Iran has raised concerns that Iran could retaliate by trying to close the Strait of Hormuz, the world's most important oil chokepoint due to the large volumes of crude that pass through it every day.

International energy traders are bracing for disruptions after Iran’s parliament endorsed the closure of the Strait of Hormuz, a crucial choke point for the world’s oil supply, with the ultimate decision resting with the country’s leadership,

Naval forces in the Middle East warned that ships, especially U.S.-linked ones, could be at heightened risk after the U.S. strikes on Iran.