Trump says U.S. has “total control” over Strait of Hormuz

Hormuz crisis keeps supply chains under pressure even as reopening hopes rise

Tehran’s proxy risks pushing a newly consolidated Saudi Arabia into an all-out ground war.

Brent crude rose more than 2 percent overnight into Wednesday, taking the international benchmark to close to $90 a barrel.

The Iran war showed fresh signs of dragging on Tuesday as the United States and Yemen’s Iran-aligned Houthis reported separate attacks on shipping, while Tehran warned that the strategically vital Strait of Hormuz would remain closed unless Washington agreed to its conditions for ending the conflict.