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The Strait of Hormuz, which connects the Persian Gulf to the Arabian Sea, is recognized as one of the world's most important oil chokepoints.

The United States on Saturday conducted airstrikes on three of Iran's nuclear sites, joining Israel's war against Tehran. The timing was unexpected.

Investors are largely shrugging off escalations in the Middle East, with many strategists believing the conflict to be contained.

Oil markets are entering a new phase of uncertainty after the U.S. entered the war between Iran and Israel, said industry watchers.

The United States on Saturday conducted air strikes on three of Iran's nuclear sites, joining Israel's war against Tehran. The timing was unexpected.

Oil markets are reacting to the impact of a U.S. decision to directly enter the Iran-Israel conflict.

Bitcoin fell to its lowest level in over a month after U.S. airstrikes on Iran, fueled by inflation fears, institutional pullback, and forced liquidations.

Iran's foreign minister warned earlier Sunday that the Islamic Republic "reserves all options to defend its sovereignty" after U.S. airstrikes.

The world's largest direct-membership organization for shipowners is warning about the rising threat to commercial shipping around the Arabian Peninsula.

Maxar Technologies released satellite imagery on Sunday showing activity at Iran's Fordo nuclear facility prior to U.S. air strikes.