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Vessels in the Strait of Hormuz, as seen from Musandam, Oman, on June 18, 2026.
by ian bremmer

The US-Iran ceasefire is over. What’s next?

On Monday, President Donald Trump announced the United States would reimpose its naval blockade of Iran, effective Tuesday afternoon. Iran responded by declaring the Strait of Hormuz closed to all traffic that does not route through its preferred corridor.