Meanwhile, in a decision that will send shockwaves through the global economy, Iran’s parliament has approved a measure to close the Strait of Hormuz, the vital shipping channel through which around 20 per cent of the world’s daily oil and gas flows, according to Iran’s Press TV.

Sirens blared in Tel Aviv in the early hours of Monday as the Israeli military said they detected missiles launched from Iran amid an ongoing airstrike exchange between the two countries.