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Is the Strait of Hormuz closed again?
ask ian

Is the Strait of Hormuz closed again?

In his latest "ask ian," Ian Bremmer says the Iran ceasefire has fallen apart, but the region has not yet returned to all-out war.

A building damaged by earthquakes that hit the country, in Caracas, Venezuela, on June 25, 2026.
What We're Watching

Deadly earthquakes rock Venezuela, Iraq reportedly threatens OPEC-xit, Anthropic claims Chinese firm is stealing from its model

At least 164 people were killed and nearly 1,000 were left injured after two powerful earthquakes struck Venezuela on Wednesday evening.

US President Donald Trump speaks during a state dinner at the White House in Washington, D.C., USA, on April 28, 2026.​
What We're Watching

US readying for extended Hormuz blockade, Philippine VP’s impeachment case advances, Hungary’s Magyar comes to Brussels

US President Donald Trump reportedly told his aides to prepare for a longer blockade of Iranian-linked ships passing through the Strait of Hormuz. But it’s not clear how long such a blockade could last – for either country.

US President Donald Trump aboard Air Force One en route to Joint Base Andrews, Maryland, USA, on March 29, 2026.
What We're Watching

Trump mulls next move in Iran, US allows Russian tanker to reach Cuba, Myanmar’s military coup leader set to become president

QatarEnergy's liquefied natural gas production facilities in Ras Laffan Industrial City, Qatar, on March 2, 2026.
Analysis

Iran conflict brings energy boon for some, doom for others

The US-Israeli war with Iran has badly damaged oil & gas producers in the Gulf and consumers in the Indo-Pacific. But not all countries within those regions will feel the pain equally.

A foreign tanker carrying Iraqi fuel oil damaged following unidentified attacks that targeted two foreign tankers, according to Iraqi port officials, near Basra, Iraq, on March 12, 2026.​
What We're Watching

Iran focused on closing Strait of Hormuz, Ukraine makes drone without Chinese parts, Beijing deals another blow to China’s minorities

Pirhossein Kolivand, head of the Iranian Red Crescent Society, stands in front of the Shahran oil depot, which was targeted by US-Israeli strikes, in western Tehran, Iran, on March 8, 2026.
What We're Watching

Iran conflict sends oil prices surging, Trial begins for Erdogan’s main adversary, German Greens win in auto state

​An explosion in Sanandaj, Kurdistan province, Iran, amid the U.S.-Israeli conflict with Iran, in this still image from a social media video released on March 5, 2026.
What We're Watching

New fronts of Iran conflict, A better week for Russia than Ukraine, US and Spain butt heads

Two Iranian drones hit Azerbaijan, Iran’s northern neighbor, on Thursday, injuring four people and expanding the Iran conflict onto another front.

Oil and gas markets respond to the conflict in the Persian Gulf
Graphic Truth

Oil and gas markets respond to the conflict in the Persian Gulf

The conflict in the Persian Gulf is already disrupting shipping in one of the most significant oil and gas-producing regions in the world.

​The Guinea-flagged oil tanker MT Bandra, which is under sanctions, at El Palito terminal, near Puerto Cabello, Venezuela, on December 29, 2025.
Analysis

Geopolitical uncertainty? Oil markets no longer care

There have been several geopolitical shocks this year, yet none have stopped oil prices from plunging, showing how oil markets have become more risk tolerant.