The Thin Line Between Retaliation and Catastrophe Tensions between Iran and its adversaries in the Gulf are escalating, with Tehran warning that it will strike energy facilities across the region if the US launches fresh attacks.
This threat is not idle: Iran's vow to target critical infrastructure has far reaching implications for global energy markets and economies.
The Strait of Hormuz, which connects the Persian Gulf to the Gulf of Oman, is one of the most strategic waterways in the world, with nearly 20% of global oil supplies passing through it.