Trump’s Kharg Island threat puts Hormuz insurance market on knife-edge


The threat came after a fresh wave of US airstrikes near the Strait of Hormuz and Iranian retaliatory strikes on US military facilities in Bahrain, Kuwait, and Jordan. It marks, according to the Wall Street Journal, which first reported the story, Trump’s third strategic shift toward Iran since the war began in February – from decapitation strikes, to economic blockade, to what now appears to be a bid for outright military and economic subjugation.



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