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Tensions are escalating in the Strait of Hormuz after the failure to reach an agreement between Washington and Tehran following the expiration of the 60-day deadline. Both sides continue to escalate militarily and economically in this vital waterway for energy transit. The U.S. Central Command has carried out mine-clearing operations in the strait and announced that over 750 million barrels of oil have passed through it since May, with 75 ships intercepted and some attempting to breach the Iranian blockade. Experts believe that Iran is using the tactics of time and oil to pressure Washington, while the United States aims to secure navigation and disrupt Iranian oil exports. There are warnings that destroying Iran’s naval capabilities does not eliminate the ongoing threat. Economic costs, such as mine-clearing operations and missile defenses, pose significant challenges, and risks increase given Iran’s ability to rebuild its naval forces despite a decline in its weapons and missile stockpiles.
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