Blocked: a bulk carrier docked at the port of Fujairah in the United Arab Emirates, May 6, 2026.
Commercial shipping had only just begun returning to the Strait of Hormuz after a memorandum of understanding signed between the US and Iran in mid-June raised hopes of de-escalation. But those hopes have now evaporated with the return of direct military confrontation, reigniting fears about the world's most important energy chokepoint.
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July 10, 2026 - 09:00
