A recent report warns that Iran is unlikely to reopen the Strait of Hormuz anytime soon, using it as leverage against the United States and global markets.
According to the White House, Tehran has threatened to keep this vital route closed for years. The strait—through which around 20% of the world’s oil supply passes—remains largely paralyzed.
Meanwhile, President Donald Trump has downplayed the situation, but analysts warn that any military intervention could carry high costs and risk further escalation of the conflict in the region.
