Why Markets Think the US Is Winning the Blockade
Europe, on the other hand...
The USS Abraham Lincoln conducting blockade operations.
Source: U.S. Navy/Getty
To get John Authers’ newsletter delivered directly to your inbox, sign up here.
The Strait of Hormuz has now been double-blockaded — by both the US and Iran — for three weeks. There’s a “ceasefire,” in terms of no longer bombing terrestrial targets, but both sides continue to use force and threats of violence against each other while ratcheting up damage.