Washington calls the Strait open, yet Iran keeps striking ships, oil prices stay high, and diesel remains scarce.
Washington calls the Strait open, yet Iran keeps striking ships, oil prices stay high, and diesel remains scarce.
Oil flows rise but the Iran War Quagmire grinds on, with soaring prices and Iranian defiance blocking any military solution.
Oil markets keep betting the Strait of Hormuz reopens soon. That wager explains lower wartime prices and violent volatility.
