Chokehold_ The Hormuz Crisis Redux

The Strait of Hormuz is widely considered the world's most critical energy artery, moving roughly 20 million barrels of oil every single day. That is about twenty percent of global consumption passing through a narrow stretch of water that has now become the epicenter of a geopolitical nightmare. For a brief moment back in mid-June of 2026, it felt like we had a path forward. A memorandum of understanding between the United States and Iran provided a glimmer of hope, suggesting that after years of tension, we might see a return to normalcy. But that hope proved incredibly fragile. By July, the agreement had essentially disintegrated. R

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