Jakarta, March 6 -- The escalating conflict in the Middle East, triggered by coordinated strikes launched by the US and Israel on Iran, has heightened fears of disruptions to global oil and gas supply.

The joint attack that resulted in the death of Iran's Supreme Leader Ali Khamenei led to the closure of the Strait of Hormuz, a strategic sea lane linking the Persian Gulf with the Gulf of Oman, located between Oman and Iran and serving as a main route for global energy trade.

Approximately 20 percent of global daily oil consumption, or nearly 20 million barrels, passes through the corridor, meaning any disruption could significantly impact international energy markets.

About one-fifth of global oil exports pass through this strait, incl...