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3 min read

Iraq’s 14 million barrels of trapped oil move through the Strait of Hormuz as transit risks ease

Iraqi oil stranded by the Middle East conflict has escaped the Persian Gulf over the past ten days as transit via the Strait of Hormuz eased during an uneasy US-Iran ceasefire.

Why it matters: Iraqi oil stranded by the Middle East conflict has escaped the Persian Gulf over the past ten days as transit via the Strait of Hormuz eased during an uneasy US-Iran ceasefire.

2 min read

U.S. Navy sailor hurt during Strait of Hormuz minesweeping prep

A U.S. Navy sailor was injured while preparing for minesweeping in the Strait of Hormuz. The incident is small on paper, but it lands in one of the world’s most sensitive milita...

Why it matters: A U.S. Navy sailor was injured while preparing for minesweeping in the Strait of Hormuz. The incident is small on paper, but it lands in one of the world’s most sensitive milita...

2 min read

Trump shifts from strikes to pressure in Iran

The White House has shifted from shock-and-awe strikes in Iran to a slower pressure campaign. That change matters because there is still no clear endgame, while the fallout spre...

Why it matters: The White House has shifted from shock-and-awe strikes in Iran to a slower pressure campaign. That change matters because there is still no clear endgame, while the fallout spre...

2 min read

U.S. and Iran Turn the Strait of Hormuz Into a Blockade Fight

The fight between the U.S. and Iran has shifted into the Strait of Hormuz, where both sides are testing blockade power at sea. That matters because this narrow waterway is one o...

Why it matters: The fight between the U.S. and Iran has shifted into the Strait of Hormuz, where both sides are testing blockade power at sea. That matters because this narrow waterway is one o...

1 min read

Houthis Threaten Saudi Oil Route as Iran Escalates

Iran-backed Houthi forces are threatening a major Red Sea oil route while drone attacks against U.S. Navy vessels add another layer of danger in the Gulf. That matters because t...

Why it matters: Iran-backed Houthi forces are threatening a major Red Sea oil route while drone attacks against U.S. Navy vessels add another layer of danger in the Gulf. That matters because t...

2 min read

Trump Says U.S. Marines Took Iranian Flagged Vessel as Hormuz Tensions Rise

The U.S. says its Marines took custody of an Iranian-flagged vessel as Iran reportedly rejected peace talks and kept pressure on the Strait of Hormuz. This matters because a shi...

Why it matters: The U.S. says its Marines took custody of an Iranian-flagged vessel as Iran reportedly rejected peace talks and kept pressure on the Strait of Hormuz. This matters because a shi...

1 min read

Iran Threatens Hormuz Closure Until U.S. Lifts Port Sanctions

Iran says the Strait of Hormuz will stay shut unless the U.S. lifts its pressure on Iranian ports. That is a direct power move in one of the world’s most important shipping lane...

Why it matters: Iran says the Strait of Hormuz will stay shut unless the U.S. lifts its pressure on Iranian ports. That is a direct power move in one of the world’s most important shipping lane...

2 min read

Iran Says Strait of Hormuz Is Open, but Trump Keeps Pressure On

Iran says the Strait of Hormuz is open to commercial vessels, but its leaders are warning that the route could be threatened again if the U.S. blockade continues. That matters b...

Why it matters: Iran says the Strait of Hormuz is open to commercial vessels, but its leaders are warning that the route could be threatened again if the U.S. blockade continues. That matters b...

2 min read

Iran says it will keep Hormuz closed while U.S. blockade holds

Iran says it will keep the Strait of Hormuz closed again as long as the U.S. blockade of Iranian ports remains in place. That matters because Hormuz is one of the world’s most i...

Why it matters: Iran says it will keep the Strait of Hormuz closed again as long as the U.S. blockade of Iranian ports remains in place. That matters because Hormuz is one of the world’s most i...

2 min read

Iran Says It Closed the Strait of Hormuz After U.S. Navy Blockade

Iran says it has closed the Strait of Hormuz after accusing the U.S. Navy of blockading its ports. The fight over this narrow waterway can rattle global shipping, energy prices,...

Why it matters: Iran says it has closed the Strait of Hormuz after accusing the U.S. Navy of blockading its ports. The fight over this narrow waterway can rattle global shipping, energy prices,...

2 min read

Iran Warns It Could Close the Strait of Hormuz as U.S. Pressure Deepens

Iran’s top negotiator has threatened to close the Strait of Hormuz if U.S. blockade pressure continues. That matters because this is not just a war of words. It is a warning abo...

Why it matters: Iran’s top negotiator has threatened to close the Strait of Hormuz if U.S. blockade pressure continues. That matters because this is not just a war of words. It is a warning abo...

2 min read

U.S. Navy blockade tests Iran in the Strait of Hormuz

The United States has launched a naval blockade targeting Iranian maritime trade in the Strait of Hormuz. That matters because this is not just a military standoff. It is pressu...

Why it matters: The United States has launched a naval blockade targeting Iranian maritime trade in the Strait of Hormuz. That matters because this is not just a military standoff. It is pressu...

2 min read

U.S. blockade keeps Hormuz traffic at a trickle

Traffic through the Strait of Hormuz is still running at a trickle as the U.S. blockade of Iranian ports appears to be holding. That matters because this waterway is one of the...

Why it matters: Traffic through the Strait of Hormuz is still running at a trickle as the U.S. blockade of Iranian ports appears to be holding. That matters because this waterway is one of the...

2 min read

Iran war sends US inflation higher and rattles the economy

US inflation jumped in March as the war with Iran pushed new uncertainty through oil markets and consumer prices. The latest numbers show how a foreign conflict can quickly hit...

Why it matters: US inflation jumped in March as the war with Iran pushed new uncertainty through oil markets and consumer prices. The latest numbers show how a foreign conflict can quickly hit...

1 min read

Iran keeps Strait of Hormuz open — but under its watch

Iran says the Strait of Hormuz is open, but ships must coordinate with Iranian forces first. That keeps a vital shipping lane moving while leaving Tehran with a hand on the swit...

Why it matters: Iran says the Strait of Hormuz is open, but ships must coordinate with Iranian forces first. That keeps a vital shipping lane moving while leaving Tehran with a hand on the swit...

2 min read

Trump plays the Nixon gambit on Iran, and the stakes are global

Trump is using a hard-edged Iran threat to force movement, then pulling back once Tehran gives ground. That matters because when the White House turns crisis language into lever...

Why it matters: Trump is using a hard-edged Iran threat to force movement, then pulling back once Tehran gives ground. That matters because when the White House turns crisis language into lever...

2 min read

Iran says the Strait of Hormuz is closed as Israel strikes Lebanon

Iran says the Strait of Hormuz is closed, and that single claim can rattle oil markets far beyond the Middle East. It matters because a regional air war is now feeding into a gl...

Why it matters: Iran says the Strait of Hormuz is closed, and that single claim can rattle oil markets far beyond the Middle East. It matters because a regional air war is now feeding into a gl...

1 min read

Trump’s Strait of Hormuz deadline turns into a global standoff at the U.N.

Trump’s deadline on the Strait of Hormuz turned into a full-blown international showdown at the U.N. The fight now carries the risk of military strikes, shaken shipping routes,...

Why it matters: Trump’s deadline on the Strait of Hormuz turned into a full-blown international showdown at the U.N. The fight now carries the risk of military strikes, shaken shipping routes,...

1 min read

JPMorgan Says Gas Could Hit $5 If the Strait of Hormuz Stays Shut

Gas prices could jump to $5 a gallon if the Strait of Hormuz stays closed, according to a new JPMorgan analysis. The warning matters because one blocked waterway could shake ene...

Why it matters: Gas prices could jump to $5 a gallon if the Strait of Hormuz stays closed, according to a new JPMorgan analysis. The warning matters because one blocked waterway could shake ene...

2 min read

Trump’s Iran threat turns foreign policy into a pressure campaign

Trump fired off a profanity-laced ultimatum about Iran and the Strait of Hormuz, and it instantly raised the temperature of a volatile conflict. That matters because a president...

Why it matters: Trump fired off a profanity-laced ultimatum about Iran and the Strait of Hormuz, and it instantly raised the temperature of a volatile conflict. That matters because a president...

2 min read

Trump waves military force to pressure Iran over the Strait of Hormuz

Trump is again threatening military action over Iran and the Strait of Hormuz. That matters because a president’s threats can move markets, raise war risks, and push U.S. policy...

Why it matters: Trump is again threatening military action over Iran and the Strait of Hormuz. That matters because a president’s threats can move markets, raise war risks, and push U.S. policy...

2 min read

Trump turns the Strait of Hormuz into a pressure point in Iran showdown

Trump is threatening to hit Iran’s power plants and bridges if it does not cut a deal by Tuesday. That puts the Strait of Hormuz, one of the world’s most important shipping lane...

Why it matters: Trump is threatening to hit Iran’s power plants and bridges if it does not cut a deal by Tuesday. That puts the Strait of Hormuz, one of the world’s most important shipping lane...

2 min read

Trump escalates Iran fight as Strait of Hormuz tensions spike

Trump is ratcheting up threats as the Iran war and the Strait of Hormuz crisis move closer to a direct U.S. flashpoint. That matters because one presidential move can raise the...

Why it matters: Trump is ratcheting up threats as the Iran war and the Strait of Hormuz crisis move closer to a direct U.S. flashpoint. That matters because one presidential move can raise the...

2 min read

Trump deadline pushes Iran ceasefire talks to the edge

The Iran war talks are slipping as Donald Trump’s deadline looms over the negotiating table. That matters because the talks are not drifting in a vacuum. A presidential clock is...

Why it matters: The Iran war talks are slipping as Donald Trump’s deadline looms over the negotiating table. That matters because the talks are not drifting in a vacuum. A presidential clock is...

2 min read

French and Japanese ships break through the Strait of Hormuz blockade

The Strait of Hormuz is starting to move again after weeks of war shut it down. That matters because this narrow waterway is one of the world’s most important shipping lanes, an...

Why it matters: The Strait of Hormuz is starting to move again after weeks of war shut it down. That matters because this narrow waterway is one of the world’s most important shipping lanes, an...

1 min read

And He Ran, He Ran So Far Away. From Iran, He Ran All…

Average gasoline prices hit $4 per gallon today as the Strait of Hormuz remains effectively closed. As we’ll discuss below, President Trump doesn’t really care whether it opens...

Why it matters: Average gasoline prices hit $4 per gallon today as the Strait of Hormuz remains effectively closed. As we’ll discuss below, President Trump doesn’t really care whether it opens...

1 min read

Rubio Says Strait of Hormuz Will Reopen With Iran's Consent or Through Military Coalition

The U.S. Secretary of State says the Strait of Hormuz will reopen only if Iran agrees or if a military coalition forces the issue. That matters because this waterway is a choke...

Why it matters: The U.S. Secretary of State says the Strait of Hormuz will reopen only if Iran agrees or if a military coalition forces the issue. That matters because this waterway is a choke...

2 min read

G7 allies press Rubio on US plans for Iran

G7 allies are pressing U.S. Secretary of State Marco Rubio for a clear answer on American plans for Iran. The dispute matters now because the war is threatening the Strait of Ho...

Why it matters: G7 allies are pressing U.S. Secretary of State Marco Rubio for a clear answer on American plans for Iran. The dispute matters now because the war is threatening the Strait of Ho...

2 min read

Rubio Shades NATO Allies Who Called Iran War ‘Not Europe’s War’

Secretary of State Marco Rubio pushed NATO allies to treat the Iran war as their problem too. That matters because the U.S. is trying to turn allied dependence on global shippin...

Why it matters: Secretary of State Marco Rubio pushed NATO allies to treat the Iran war as their problem too. That matters because the U.S. is trying to turn allied dependence on global shippin...

2 min read

Japan’s Takaichi tries to reaffirm alliance with Trump as he seeks help securing Strait of Hormuz

Japan’s prime minister is trying to hold the alliance together while Donald Trump pushes Tokyo to back a security mission tied to the Strait of Hormuz. The fight matters because...

Why it matters: Japan’s prime minister is trying to hold the alliance together while Donald Trump pushes Tokyo to back a security mission tied to the Strait of Hormuz. The fight matters because...

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