Iran has threatened to close the Strait of Hormuz, in what would serve as another act of retaliation after the U.S. launched strikes on three key Iranian nuclear facilities over the weekend.

The war between Israel and Iran has raised concerns that Iran could try to close the Strait of Hormuz, the world’s most important oil chokepoint.

Iran's threat to block the world's most vital oil transit point has raised fears of major global economic consequences.