Persian Gulf energy producers are reportedly becoming increasingly resigned to Iran retaining significant control over the Strait of Hormuz, as efforts to reopen the vital waterway face a standoff and regional governments weigh the risks of renewed war against disruption to oil and gas exports.

Some of the world’s largest energy exporters dislike the emerging deal to reopen the waterway but fear going back to war would be worse. | World News

Persian Gulf energy producers are reportedly becoming increasingly resigned to Iran retaining significant control over the Strait of Hormuz, as efforts to reopen the vital…