U.S. escorts a record number of ships through Hormuz, but remains far from controlling the strait
The United States and Iran have resumed hostilities, the price of Brent crude has risen again to $95 per barrel, and six months later, the interrupted diplomacy does not allow for a glimpse of an early end to the war. However, for the first time since the conflict began, Washington is effectively able to escort commercial vessels through the Strait of Hormuz, through which one-fifth of the world’s crude oil passed before February 28.