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Hormuz
5 briefs
conflict 2026-04-17
The Ceasefire That Depends on the Blockade
Iran and the US are negotiating peace while simultaneously threatening the conditions that make peace impossible.
conflict 2026-04-14
The Blockade That Is Already Being Traded Away
Trump imposed a naval blockade on Iranian ports after Islamabad talks failed. Iran offered a 5-year uranium pause. Markets say both sides want a deal before May.
conflict 2026-04-13
The Blockade Begins
After ceasefire talks collapse in Islamabad, the US Navy moves to strangle Iranian ports. Oil hits $104. The question is not whether Iran will respond. It is how.
conflict 2026-04-13
The Islamabad Impasse
Twenty-one hours of talks, no deal, and a blockade announced before dawn.
power 2026-04-11
The Toll Booth at the End of the War
The ceasefire is two weeks old. The Strait of Hormuz is still closed. Iran is charging ships for the privilege of passing through.