The Strait of Hormuz’s future is unsettled in wake of latest strikes

The Strait of Hormuz's recovery from conflict has stalled after Iranian drone strikes on cargo ships and U.S. retaliatory attacks disrupted ship traffic. Disputes over Iran's control of shipping routes and payments, along with conflicting interpretations of a U.S.-Iran interim agreement, have created uncertainty. Ship traffic remains below prewar levels, affecting global oil shipments.