Iran and US Trade Strikes, Halt Hormuz Strait Traffic
Part of composite article US and Iran Trade Strikes Again, Strait of Hormuz Blocked – 20% of Global Oil at Risk View full article →
Iran and the United States have attacked each other for several consecutive nights, bringing traffic in the Strait of Hormuz to a standstill. The escalation comes as elections approach in both the United States and Israel.
The biggest losers from the recent developments are Iran, the United States, and the global economy. The biggest—and only—winner is Israel’s Benjamin Netanyahu.