Trump’s shifting Iran strategy: promises of peace, renewed strikes and rising tensions in the Strait of Hormuz unsettle markets and test global confidence.

Daily on Defense: Iran peace remains elusive, ‘defensive strikes’ in Strait of Hormuz, Trump wants ‘mandatory’ signatories to Abraham Accords, Ukraine war in ‘new phase.’

Trump’s ever-shifting stance has clouded the prospects of a peace deal in the near future.