Since the US-Israel strikes on Iran began on February 28th the Strait of Hormuz has effectively been blocked - a key strategy by Iran that upended global oil supplies and pressured its opponents. But…

Even if the strait fully opens then, it will likely take months for the global energy crisis sparked by its closure to ease.

US officials said Monday that ships will move toll-free through the Strait of Hormuz under an Iran peace deal signed by President Donald Trump, and insisted that Tehran would have…