Millions of barrels of oil and gas are being held up after Iran took control of the strategic shipping route in response to US-Israeli attacks

Five vessels were tracked transiting the waterway via their automatic identification systems, down from an average of 120 daily transits before the conflict began

Many of the vessels willing to make the crossing are taking an alternative route through Iranian waters

The price of a wide range of goods - from food, to smartphones, to medicines - could be affected by the US-Israel war with Iran.

Millions of barrels of oil and gas are being held up after Iran took control of the strategic shipping route in response to US-Israeli attacks

The island holds 94 per cent of Iran’s oil exports and could choke off the country’s economy for years

As the price of oil continues to soar, countries reliant on importing the substances are having to take emergency measures