The geopolitical temperature continued to rise as the United States and Iran jockeyed for control of the Strait of Hormuz, the narrow waterway through which roughly a fifth of the world’s oil supply passes daily. The confrontation comes as both nations find themselves nearly halfway through a 60-day interim agreement that was supposed to pave the way for permanent peace talks. Instead, the latest attacks have cast serious doubt on whether diplomacy can hold, with global energy markets watching nervously.
Walter Murrow
July 13, 2026
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