The Strait of Hormuz, a crucial maritime chokepoint connecting the Persian Gulf to the Gulf of Oman, is vital for global energy exports, with approximately 20 percent of the world's oil shipments and nearly all of Qatar's liquefied natural gas (LNG) passing through it. Recent U.S.-Israeli strikes on Iran have triggered significant increases in international oil prices, with Light Sweet Crude Oil futures rising 12.4 percent to $75.33 per barrel and Brent Crude futures surging 13 percent to $82.37. Analysts warn that sustained conflict could push oil prices to $150 per barrel, while major shipping companies like MSC, Maersk, CMA CGM, and Hapag-Lloyd AG are rerouting vessels, increasing freight and insurance costs, and suspending bookings due to safety concerns.