Iran Closes Hormuz Again Despite Peace Deal After Israel Strikes Lebanon

Oil traders were not handed a peace deal this week but a contract with three different enforcement mechanisms and one major party outside the room. Iran’s reported move to again restrict the Strait of Hormuz after Israeli strikes in Lebanon has turned the new US-Iran framework into a test of leverage rather than diplomacy. The […] The post Iran Closes Hormuz Again Despite Peace Deal After Israel Strikes Lebanon appeared first on the deep dive.