Strait of Tensions: The Unyielding Standoff in Hormuz Tensions between the United States and Iran have been escalating for months, with each side refusing to back down.
The latest incident, in which two oil tankers were struck by unknown projectiles in the Strait of Hormuz, has sent shockwaves through global markets, pushing up oil prices for a second consecutive day.
The Strait of Hormuz is a critical shipping lane that connects the Persian Gulf to the Indian Ocean. Any disruption to its traffic can have far reaching consequences for global energy supplies.