Strait of Hormuz Tensions Escalate | Portland Maine News
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Strait of Hormuz Tensions Escalate | Portland Maine News
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Tensions between the U.S. and Iran are escalating as the preliminary peace deal expires, with both sides bracing for conflict over control of the vital Strait of Hormuz. Iran and Oman are nearing an agreement to solidify Iran’s authority over key portions of the strait, which handles one-fifth of global oil shipments. President Trump has threatened Oman and floated the idea of declaring the strait U.S. territory — a claim Iran calls delusional. Shipping traffic has plummeted 20% in a week, with only three crossings recorded Sunday, while global oil prices soar past $90 a barrel and U.S. gasoline averages hit $4.06 — a sharp spike since hostilities began.
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