Rising tensions over control of the Strait of Hormuz threaten to derail the US-Iran agreement, as disputed shipping routes and military strikes raise global stakes.

Renewed military strikes between Iran and the US threaten shipping recovery. Targeting shipping by July 31 at 88.5% YES.

A tanker reported being struck in the Strait of Hormuz as the US and Iran traded attacks, with tensions over the critical waterway straining a peace deal between the two nations.