Oil prices jump after Iran publishes restrictive draft plan for Strait of Hormuz

Crude oil prices rose Thursday after Iranian state news published a draft plan with restrictive conditions for ship traffic in the Strait of Hormuz.

U.A.E. Says Iran Attacked One of Its Ships in Hormuz

The attack further clouds the outlook for a deal to open the strategic waterway.

An agreement on the Strait of Hormuz is taking shape – but not one Trump wants

There are competing routes through the strait and what’s on the table appears to involve merging them – with Iran retaining a level of control that would be at odds with US wishes.
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Bessent: Strait of Hormuz Will 'Become Irrelevant' Within Two Years

Bessent on the Strait of Hormuz: The strait is never going back to the way it was because the Iranians have used, or tried to use it, as a choke point. What we are going to see over the next two years, the strait is going to become irrelevant. It is going to become just… pic.twitter.com/LP8evMbeJP

Iran believes time is on its side in the war with the U.S. But its strategy carries great risks

Iran is betting that military pressure will ultimately force the United States to accept Tehran's control over the Strait of Hormuz — and that time is on its side. But its strategy carries risks.

Ship Struck in Strait of Hormuz as Tehran Says U.S. Must ‘Accept Iran’s Conditions’ to Reopen Key Waterway

A ship was struck by a projectile in the Strait of Hormuz Saturday as Tehran demanded the U.S. "accept" its condition to reopen the vital waterway.