Iran and US Trade Strikes, Halt Hormuz Strait Traffic
Part of composite article Iran War Stalemate: 6 Days of Strikes, No End in Sight as Hormuz Blockade Cripples Oil Trade View full article →
Iran and the United States have attacked each other for several consecutive nights, bringing traffic in the Strait of Hormuz to a standstill. The escalation comes as elections approach in both the United States and Israel.
The biggest losers from the recent developments are Iran, the United States, and the global economy. The biggest—and only—winner is Israel’s Benjamin Netanyahu.