<p><strong>West Asia War LIVE Updates: </strong>Israel and Iran exchanged fire early Wednesday as Tehran kept up its pressure on the region`s oil industry, hitting a ship in the Strait of Hormuz and targeting infrastructure as concerns grew of a global energy crisis. Iran has effectively stopped shipping traffic through the narrow strait off its coast, through which about a fifth of the world`s oil is shipped from the Persian Gulf toward the Indian Ocean.&nbsp;<strong>Follow LIVE Updates here</strong></p>