Iran Strait of Hormuz Crisis Escalates
Third attack on UAE vessels this week; Trump declares strait US territory. Market odds for blockade ending by Aug 31 drop to 18.5%. Canada sanctions five Iranian officials. Gulf allies reassess ties. US-Iran peace talks odds plummet to 11.5%. Trump pushes economic pressure; human rights groups sue over ICC sanctions.
Sources (2)
Updated Aug 16, 2026