Tensions Rise in the Strait: What's at Stake for Investors and the Region The recent explosions reported in Iran have brought tensions between the US and Iran to a boiling point once again.
The denial of involvement by the US military raises more questions than answers, particularly given the escalating rhetoric from both sides. At the heart of this conflict lies control over the Strait of Hormuz.
Iran's insistence on vessels passing next to its shore is an attempt to maintain leverage in negotiations, while the US push for quick resumption of traffic through the strait aims to alleviate energy prices ahead of key mid term elections.