The Strait of Hormuz is bleeding trade confidence again. Barely a month after Washington and Tehran signed a memorandum of understanding meant to end months of tanker attacks, the truce has come apart.
As the Iran-U.S. ceasefire unravels, the world's most important oil chokepoint is once more too dangerous for many owners to risk. The situation is a stark reminder of the volatility that can affect global shipping and trade, with far-reaching consequences for the maritime industry.