Three weeks into the conflict between the U.S., Israel, and Iran, the situation remains unresolved. President Trump has not declared victory, acknowledging that he underestimated Iran’s response. Iran has regionalized the conflict, impacting the Persian Gulf and closing the Strait of Hormuz, a crucial route for global oil and gas. The death of Ali Larijani, a key Iranian figure, adds to the tension. The war, initially a “war of choice,” has become a necessity, with the U.S. focusing on nuclear issues and Iran’s missile use. The situation is complex, with Iran’s internal dynamics likened to a “black box,” making it difficult to predict outcomes.
QUESTION: How might the closure of the Strait of Hormuz impact global economies and your daily life?