Hormuz Strait's Grim New Normal: A Wake Up Call for Global Trade The latest attack on a cargo vessel in the Strait of Hormuz is a grim reminder that the region has become an increasingly treacherous hotspot.
Oil tankers and commercial ships are caught in the crossfire of a simmering conflict between Iran and the United States.
As the 60 day ceasefire deal expired without a formal follow on agreement, Washington and Tehran have dug in for what analysts at Eurasia Group predict will be a prolonged standoff.