Tehran is betting that its sanctions‑hardened economy can outlast the Strait of Hormuz crisis. Washington, meanwhile, is contending with elevated oil prices, renewed inflation pressure and rising global recession risks.

Economics of Hormuz closure are skewed towards Iran, so why won't the vessels just pay Tehran and sail away?

Iran is cementing its control over the Strait of Hormuz, a key international shipping route, 11 weeks after the start of the war with the United States and Israel.