Container shipping lines are halting operations to Persian Gulf ports following a joint Israel-U.S. strike on Iran, while tanker vessels have come under fire in the Strait of Hormuz.

Media reports indicate that ports in the United Arab Emirates, including Dubai's Jebel Ali port, were struck by Iranian missiles. Tehran also reportedly attacked at least three tankers in the strait. A fire broke out at Jebel Ali after an incoming drone was intercepted.

Although the strait has not been officially declared closed, several liner operators have suspended services to the Persian Gulf and instructed their vessels to seek safe harbor.

The Strait of Hormuz is a critical chokepoint for energy transport from the Persian Gulf, with approximately 20% of the world's crude oil supply passing through its waters. While futures prices saw a slight increase late Sunday, analysts point out that 80% of Iran's oil is exported to China, making the long-term impact on global markets uncertain.