The Strait of Hormuz is considered the world's most important gateway for oil transport. Hostilities between Iran and Israel have raised fears that shipping and crude flows through the narrow waterway may now slow down.

Qatar, among the world's biggest liquefied natural gas exporters, sends almost all of its LNG through the strait. Iran has threatened over the years to block the strait but has never followed through. The U.S. Fifth Fleet, based in Bahrain, is tasked with protecting commercial shipping in the area.

The Strait of Hormuz is both a vital passage point and a permanent point of tension. As long as the world depends on Oil from the Persian Gulf, its security will remain a major geostrategic concern. If Iran were to cross the red line, the consequences would not be limited to barrels of Oil, but the global economic balance could be shaken.

There are reports that a few shipping lines may be reassessing routes, particularly the choke point of the Strait of Hormuz, given the heightened threat in the region. This could further add to the transportation cost to and from the region.

Amid escalating attacks between Iran and Israel, Iran threatens to withdraw from the Nuclear Non-Proliferation Treaty and potentially close the Strait of Hormuz, a critical global oil route.

Israel's air strikes on Iran are unlikely to cause a major disruption to oil supply, and market analysts believe a full-scale shutoff of oil flows by closing the Strait of Hormuz is unlikely

Located between Oman and Iran, the Strait of Hormuz is the world's most important access route for oil transportation.

Heightened tensions in the Arabian Gulf due to the ongoing Israel-Iran conflict are reverberating across global energy and shipping markets, pushing up freight rates, disrupting vessel schedules, and reviving fears over the strategic Strait of Hormuz — a crucial artery for global oil and gas flows.