Neither US nor Iran can sustain strait of Hormuz standoff indefinitely
Why this matters: a developing story that could shape the day's news cycle.
Simply hanging on could be a disaster for Iranians, while Trump needs to resolve this economic crisis he created Exchanges of fire between Iran and the US demonstrate the serious instability of the situation in the Middle East. Though the US strikes late on Thursday were just “a love tap”, according to the US president, Donald Trump, the reality is that neither side can continue the high-stakes standoff in the strait of Hormuz indefinitely.The US and its ally Israel demonstrated a comprehensive military superiority over Iran – taking minimal casualties in the 38-day war – but Washington has both failed to translate that into strategic dominance and allowed Iran to take control of the strait, driving up the oil price. Continue reading...