Trump’s Hormuz Moment: The Only Way Out Is Through

This week Iran claimed to have formally closed the Strait of Hormuz, the 21-mile-wide chokepoint through which roughly 20% of the world’s oil flows every single day. Three more ships – the Thai-flagged Mayuree Naree, the Japanese ONE Majesty, and the Marshall Islands-flagged Star Gwyneth – were struck by “unknown projectiles,” which is almost certainly ...