Trump is betting that renewed pressure will convince Tehran to release its hold on the Strait of Hormuz., while the regime is betting it can hold out. | World News

Iran's ability to hold the world economy hostage through blockading the Strait of Hormuz is running out of time.

As nations surrounding Iran pour billions into new pipeline networks, the significance of the Strait of Hormuz as an oil transit route is rapidly declining. Forecasts suggest that…