Iran could retaliate against the U.S. strikes on its nuclear facilities by shutting down the Strait of Hormuz, a move that would likely cause oil and gas prices to surge.

President Donald Trump posted on Truth Social on Monday, demanding no one raise oil prices. He also direct the Energy Department to "drill baby drill."

Analysts with ING financial group outlined four possible avenues for Iran: full escalation that also draws in other nations such as China or Russia; disruption of the Strait of Hormuz; active or passive support for terrorist attacks in the U.S. and Europe; or taking no action at all.