Sri Lanka, March 3 -- US-Israeli strikes on Iran have triggered retaliatory attacks by Tehran across the Middle East, targeting assets in Israel and several Gulf states, including Qatar, the United Arab Emirates, Kuwait, Bahrain, Jordan, Saudi Arabia, Iraq and Oman.
The escalation has pushed the Strait of Hormuz to the centre of global market anxiety. Iranian authorities have signalled a potential shutdown of the narrow waterway, effectively halting commercial transit through one of the world's most critical energy corridors.
The Strait of Hormuz carries roughly 20 percent of global oil supplies and energy trade worth about $500bn annually. It is also a transit route for liquefied natural gas, chemicals and fertilisers, raising the ris...