Hormuz Strait Standoff: A Watershed Moment in Global Energy Politics The latest escalation between Iran and the United States over the Strait of Hormuz has brought the global energy market precariously close to the edge.
The Iranian military's claim that it destroyed an American MQ 1 drone has raised questions about the future of the narrow waterway, a critical chokepoint for oil and gas shipments.
The incident is part of a protracted conflict that began in February, underscoring the war over Hormuz as a microcosm of the wider struggle between Iran and its adversaries.