China, Russia and the Iran War: How Hormuz Disruption Is Reshaping Global Energy
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China, Russia and the Strait of Hormuz: How the Iran War Is Reshaping Global Energy and Power The Strait of Hormuz has become one of the clearest indicators of how far the U.S.-Iran conflict has moved beyond a direct military confrontation. Iran says the waterway will remain closed until Washington meets conditions linked to the June interim agreement, including lifting the blockade of Iranian ports, removing oil sanctions, releasing frozen Iranian assets and ending military operations and threats. The June 17 memorandum of understanding quickly unraveled over disagreements including control of the Strait. U.S. President Donald Trump declared the agreement over on July 7, while Iran's foreign ministry later announced that it had suspended the deal. By August 19, shipping data showed that only six commodity vessels had crossed Hormuz on Tuesday, compared with a 10-day average of 11. The sharp decline highlights the continuing uncertainty surrounding one of the world's most impor...