Tankers depicted in the Strait of Hormuz — a strategically important waterway which separates Iran, Oman and the United Arab Emirates.
Market observers are keeping a close eye on the the Strait of Hormuz — the world's most important oil transit chokepoint, to see if there may be any potential impact.
The strait, which sits between Oman and Iran, is a vital channel where about one fifth of global oil production flow daily, according to the Energy Information Administration.
It is a strategically important waterway linking crude producers in the Middle East with key markets across the world.
On Oct. 7, Hamas militants launched a multi-pronged attack by land, sea and air and infiltrated Israel, killing more than 1,400 people.
Persons:
It's
Organizations:
United, United Arab Emirates, Hamas, Energy Information Administration, Revolutionary Guard Corps
Locations:
Strait, Hormuz, Iran, Oman, United Arab, Israel, Gaza, U.S, Lebanon, Syria, The U.S