US President Donald Trump’s announcement that the US Navy would impose a blockade of the Strait of Hormuz, announced after failed face-to-face talks in Islamabad, signals a perilous new phase of the Iran war, one that threatens to prolong the oil shock’s impact on the global economy and entrench US forces in a long-term conflict. […]The post Dueling Hormuz blockades push world to the brink appeared first on Asia Times.