Reuters: Iran dominates Strait of Hormuz

Reuters: Iran effectively controls the Strait of Hormuz Control of the Strait of Hormuz, a vital waterway for supplying the world with oil, has become one of the main battlegrounds between Iran and the United States. Iran’s effective control of the strait has pushed up energy prices and heightened concerns about inflation globally. Brent crude rose more than 2% on Monday, driven by concerns over disruptions to one of the world’s most important energy transport routes. Rising energy prices, especially gasoline costs, are politically sensitive for Trump ahead of the congressional elections in November. Iran is seeking to establish a permanent tariff and licensing system for ships using this waterway./Tasnim