This Gulf war began over a nuclear programme. It is now being fought over a waterway.That shift is the most consequential development of the past five months. Earlier this month the US pointed to an announcement for August 5; that day passed, and the four after it. The question is no longer whether the Strait reopens, but who administers it and at what price. Tehran has now published its price.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles