What Happens If the Strait of Hormuz Crisis Returns?

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The world drew a collective sigh of relief on June 18 when Iran and the US announced a memorandum for peace, paving the way for a permanent peace deal, and a stabilization of global energy supplies by reopening the Strait of Hormuz, a crucial energy chokepoint for the transport of 20% of the world’s oil [...] The post What Happens If the Strait of Hormuz Crisis Returns? appeared first on Modern Diplomacy .