A managed corridor on paper, a darkened strait in practice
Flows are down to about one-fifth of pre-war levels as the US steps up ship interdictions, Tehran conditions reopening on concessions, and Muscat explores a temporary corridor.
A U.S.–Iran deescalation memo lapsed on Aug. 17, Tehran says Hormuz will stay closed until U.S. commitments are met, and U.S. forces report dozens ...