Strait of Hormuz Opens, But What's Behind the Gesture? The easing of restrictions on the Strait of Hormuz has been welcomed by global energy markets.
For weeks, Iran's Revolutionary Guards had effectively controlled this critical waterway, causing jitters among oil traders and prompting warnings from the International Monetary Fund about potential economic fallout.
Iran's decision to permit 30 vessels to pass through is not a gesture of goodwill but rather a calculated move in its high stakes game with the US and Israel.