The Iran war could last ‘deep into 2027’ as the Strait of Hormuz isn’t that closed, allowing more oil to leak out—but major escalation is likely soon

"And if the Strait is not fully closed, Iran’s leverage is weak. Thus, Iran has reasons to escalate."

​Trump, Iran clash over Hormuz as standoff over key waterway deepensNEW DELHI: US President Donald Trump on Sunday again shared an image on Truth Social describing the strategically vital Strait of Hormuz as “NEW US Territory”, even as Iran maintained that the waterway was closed and would remain so unless Washington c

Policymakers and economists have long treated climate change as a crisis whose costs would mainly accrue to future generations. Unfortunately, that future is here. As the world frets over the consequences of the Iran war on everything from the cost of goods to the food supply, a separate phenomenon is also choking mari