Tensions rise as Iran considers retaliatory action against the US following air strikes. Concerns are growing that Iran might block the Strait of Hormuz, a vital waterway for global oil and gas transport, mirroring the 'tanker war' of the 1980s. Iran possesses asymmetric naval capabilities, including mines and missiles, to potentially disrupt shipping. While the US possesses mine-sweeping vessels, their effectiveness is debated, potentially leading to costly and time-consuming operations to clear the strait. Experts warn that even a temporary closure would cause significant economic disruption and high insurance costs, impacting global oil markets.

Prepared by Rachel Morgan and reviewed by editorial team.