The Iran war has turned the Strait of Hormuz into a choke point, with Tehran hitting Gulf states and tankers while the US pounds ports and air defences. Shishir Gupta explains Trump’s hard‑line strikes, Iran’s bid to tax global shipping, the risk of regime‑change gambits, and what spiralling oil prices mean for the world.

Iran said Sunday it was closing the Strait of Hormuz and launched missiles and drones at Gulf neighbours after the US carried out a new round of strikes as their conflict…

Renewed strikes deepen fears over oil supplies and regional stability