Iran is still holding traffic through the Strait of Hormuz hostage, and the entire world is going to suffer. Before the war, commercial traffic through the Strait of Hormuz flowed freely, and the global economy functioned normally. But even though there is a temporary ceasefire, Iran continues to maintain a stranglehold on the waterway, and they are insisting that this will continue to be the case when a permanent deal to end the war is reached. In other words, the Iranians are making it clear that this is how things are going to operate from now on, and they know that the U.S. and Europe are not eager to do what it would take militarily to…
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