India, June 13 -- The tension between Israel and Iran has caused worries for the oil market, especially over the Strait of Hormuz, which Tehran has in the past threatened to close in retaliation for Western pressure.

Israel launched widespread strikes against Iran on Friday, targeting its nuclear infrastructure, ballistic missiles and military commanders under what it called "Operation Rising Lion". Follow Israel-Iran strike live updates

Iran has vowed a powerful and decisive response to the Israeli strikes, saying that its revenge 'will happen soon'.

Following the Israeli strikes, the National Iranian Oil Refining and Distribution Company said that oil refining and storage facilities had not been damaged and continued to function.

Wh...