Hormuz Shipping Grinds to Near Halt After US, Iran Strikes

Edward Fishman analyzes the US-Iran conflict over the Strait of Hormuz, arguing the core dispute is about future control of the strategic waterway. He explains Iran sees the strait as both a military deterrent and a major revenue source, making a resolution difficult without US military escalation that Trump appears unwilling to pursue. The discussion highlights the risk of ongoing, simmering warfare with direct implications for global energy transit. - The US-Iran conflict centers on the status of the Strait of Hormuz, a critical oil chokepoint. - Iran closed the strait, inflicting global economic pressure, especially on the US. - Iran views the strait as a $40 billion annual revenue opportunity and a key military deterrent. - The ceasefire deal left the strait's future ambiguous beyond a 60-day no-toll period. - Edward Fishman argues the US is caught between opposing tolls and avoiding military escalation. - He describes the situation as a simmering war that may bubble up periodically over years. - Regional powers like Saudi Arabia and Qatar may seek separate deals with Iran.