"Despite an indefinite cease-fire, a durable end to the war isn't coming anytime soon. The disparity in U.S. and Iranian demands has locked both sides in a stalemate."
"Iran now has greater authority over the strait than before the war began and stands to benefit from its closure, potentially charging exorbitant tolls for ships."
"Experts indicated that the economic effects of the war might last anywhere from two to nine months, prompting concern among the audience."
The Strait of Hormuz has been declared open by Iran, but the situation remains unstable. The Trump administration's goals regarding Iran have not been achieved, leading to a stalemate in negotiations. Experts predict that the economic effects of the war will last from two to nine months. Iran's control over the strait has increased, potentially allowing it to impose tolls on shipping. The economic geography of the Persian Gulf is likely to be permanently altered, with Iran benefiting from its strategic position.
Read at The Atlantic
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