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.

Tehran’s pressure on Gulf energy targets and global shipping has forced Washington and Jerusalem into a war of attrition, raising oil prices and complicating efforts to reopen the…

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