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40 Years of Fraught U.S.-Iran Tension in the Persian Gulf Plays On
With Iran backed into a corner, increased tension between the regime and the White House has resurrected talk of a closing of the Strait of Hormuz, the critical waterway by which the bulk of Middle Eastern oil must travel. Given the apparent torpedo attacks on a couple of tankers near the Strait on June 13, it may be time to respect unappreciated geopolitical risk. These positions stand to benefit: