Until early August, the issues had been confined largely to geopolitical hotspots like the Persian Gulf, the Strait of Hormuz and the Red Sea.

The Strait of Hormuz is identified as one of the world's most critical oil chokepoints, with a staggering volume of oil passing through it annually.

Greek and British maritime officials advised merchant ships to avoid the Strait of Hormuz after Israel's strike on Iran’s nuclear facilities, though the critical oil corridor remains open for now.

Missile analyst Ralph Savelsberg walks through Iran's anti-ship ballistic missile capabilities, and how the US and its partners might try to counter them going forward.