The ceasefire is tenuous, and if recent events have demonstrated anything, it is that Iran can declare the Strait of Hormuz shut on a moment’s notice.

Oil prices surged Monday as shipping through the Strait of Hormuz slowed amid escalating tensions. Talks between U.S. and Iranian officials began on a rocky note, with Iran citing…

Oil prices remain volatile as confusion over the Strait of Hormuz persists, with Iran and the U.S. issuing conflicting statements about whether the key shipping route is open or…