Dhaka, March 4 -- Business leaders and analysts warn that the closure of the Strait of Hormuz could seriously disrupt global supply chains and inflict heavy losses on international trade.

The ongoing war involving the United States, Israel, and Iran has spilled into the Strait of Hormuz - one of the world's most vital energy chokepoints - driving up oil prices sharply.

The strait handles about one-fifth of global oil consumption, along with significant volumes of natural gas.

Shipping traffic has slowed dramatically amid Iranian attacks on oil tankers.

A commander of Iran's Revolutionary Guard Corps (IRGC) said on Monday the strait was "closed" and warned that any vessel attempting to pass would be set "ablaze".

Meanwhile, China call...