Strait of Hormuz Stakes Rise Amid Iran War Escalation Tensions over the Iran war continue to roil global markets as US President Donald Trump and Chinese President Xi Jinping agreed that the Strait of Hormuz should remain open to ensure global energy supplies.
This agreement, however, lies on thin ice, with a complex web of alliances, rivalries, and strategic interests beneath.
The recent BRICS summit in New Delhi saw Iranian Foreign Minister Abbas Araghchi urge fellow nations to condemn the US Israel war on Iran as a violation of international law.