In the Strait of Hormuz...

The United States and Israel continue sustained strikes on Iran as the conflict enters its fourth week, while Iran has effectively choked off traffic through the Strait of Hormuz, disrupting a critical global energy route. U.S. President Donald Trump has sent mixed signals, at times saying the war could end soon and citing “productive” talks, while also threatening further large-scale attacks if Iran does not reopen the waterway. Iran has denied negotiations and warned of escalation, leaving markets and allies uncertain about the trajectory of the war. Global oil prices remain volatile amid fears of prolonged disruption and further escalation. [PARK YONG-SEOK]