If Tehran deescalates, they cede control of Hormuz. If they escalate, their options are to hit Hormuz more. triggering more US counter strikes; or GCC energy. triggering a larger war; to use (battered) proxies like Hezbollah, triggering wider war.

Renewed hostilities between the US and Iran have also heightened safety and security concerns around the Strait of Hormuz.

United States forces launched new strikes on Wednesday against Iranian targets near the Strait of Hormuz, after President Donald Trump declared the provisional ceasefire with…

Renewed fighting over Strait of Hormuz exposes gap between military victories and lasting settlement