Iranian officials have threatened to mine the waterway, which is a key shipping route for oil and gas. One way that Iran could potentially retaliate for the American strikes on three of its nuclear sites, analysts say, would be to shut down the Strait of Hormuz, a key shipping route for oil and gas.

Iranian lawmakers approved a decision to close the vital oil shipping route after the U.S. strikes on its nuclear facilities

It would result in higher gasoline and diesel prices for businesses and citizens, in addition to widespread inflation