An Open Strait of Hormuz Won’t Fix Gas Prices Overnight
On Wednesday evening, President Donald Trump officially signed a Memorandum of Understanding with Iran, a deal that sets off a 60-day ceasefire and longer-term nuclear talks between the two nations. It also, critically, reopens the Strait of Hormuz, that narrow waterway between Iran and Oman that usually serves as one of the globe’s vital energy … Read more