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Updated · Bloomberg · May 4US and Iran keep Strait of Hormuz under double blockade
15 articles · Updated · Bloomberg · May 4
- The waterway has been blockaded by both sides for three weeks, even as a ceasefire has halted bombing of terrestrial targets.
- Despite the pause in strikes on land, Washington and Tehran continue using force and threats against each other at sea, worsening disruption.
- The standoff keeps pressure on oil markets, with investors increasingly judging that the US holds the stronger position in the blockade.
As 20,000 sailors remain trapped, what is the ultimate human and economic cost of the escalating Hormuz crisis? With US bases uninhabitable, has Iran's strategy permanently checkmated American military power in the Gulf? With diplomacy failing and military threats rising, is a full-scale war between the US and Iran now inevitable?