Despite analysts repeatedly emphasizing the low possibility, more and more Wall Street observers are paying attention to the Strait of Hormuz and are wary of the situation where the Israeli-Palestinian conflict could spread and lead to its closure. The Strait of Hormuz bears one fifth of the global oil transportation volume and is an extremely critical energy hub. The strait is located between Oman and Iran, and oil tankers from oil producing countries such as Saudi Arabia, Iran, Iraq, and Kuwait all sail out of the Strait of Hormuz through the Persian Gulf to export energy.