Futures on Wall Street continue to trade with losses after benchmark indices gave up all of Monday's gains during Tuesday's trading session. The Dow futures are currently trading 100 points lower, while the S&P 500 and Nasdaq futures are trading 15 and 75 points lower respectively.

The Strait of Hormuz is one of the busiest shipping routes in the world and provides the only sea passage from the Persian Gulf to the open ocean. An average of about 20 million b