Iran is making the most of its geographic advantage in the Strait of Hormuz, forcing energy buyers to negotiate for safe transit and pushing the US to demand help from other nations to secure a reopening that — even in the best case — could take weeks.
The narrow channel has become a focal point for all sides as the war advances into a third week. Iran is using attacks in the waterway to create unprecedented chaos in the energy trade in response to US and Israeli strikes — while US President