New Delhi, March 11 -- The United States and Israel's war in Iran has rattled global energy markets and raised concerns over increasing oil prices. This comes at a time when Tehran's Islamic Revolutionary Guards Corps (IRGC) announced the closure of the Strait of Hormuz, an arterial corridor that transports nearly 20% of the world's oil supply. As the oil market continues to be rattled by tensions in the Middle East, speculation is rife over whether US President Donald Trump's administration will change its military strategy.

According to a Politico report citing a US official, the Trump administration has not seriously weighed changing its military strategy despite concerns over rising oil prices. Another added that the administration w...