Major oil and gas companies and traders have suspended shipments through the Strait of Hormuz following US military strikes on Iran, according to sources. The Strait of Hormuz is a critical global oil transit chokepoint, and the disruption risks escalating energy prices and regional tensions. The move underscores the vulnerability of global energy markets to geopolitical conflicts. Analysts warn that prolonged instability could lead to tighter oil supplies and increased volatility in crude markets. This development adds to existing concerns about Middle East security and its impact on global trade.