The Iran Conundrum: A Gulf in Crisis The world's oil markets are on edge as tensions between Iran and the US continue to escalate in the Persian Gulf.
For 12 consecutive nights, American military forces have carried out strikes against Iranian targets with the aim of degrading Tehran's ability to attack civilian mariners and commercial vessels transiting regional waters.
At its core, this crisis is a battle for control of the Strait of Hormuz, a vital waterway connecting the Persian Gulf to the world's oceans.