Explainer: Pressure, paralysis, and a corridor still on paper

Sanctions are straining Tehran, traffic through the strait has collapsed to a handful of vessels a day, and a new Iranian-Omani corridor exists mostly on paper. None of it yet adds up to a new equilibrium. Three developments arrived in the same week, and each looked, at first glance, like a sign that the Hormuz crisis was moving toward resolution. Washington’s economic pressure campaign appears to be landing on Tehran. This content is locked Select a CN Premium Subscription Package To Unlock The Content!