The dramatic escalation in tensions between Israel and Iran caused a spike in the price of crude and raised fears among oil traders about disruption to shipping in the Strait of Hormuz, one of the world’s most vital waterways.

Oil prices were driven higher on Tuesday by the Iran-Israel conflict, though major oil and gas infrastructure and flows have so far been spared from substantial impact. Brent crude futures gained $1.56,

While there have been some attacks on energy infrastructure in both countries, the most oil-price-sensitive sites, including Hormuz and the major Kharg Island export terminal, have been spared.