During the 1984 “tanker war,” Iran laid mines in the Strait of Hormuz and harassed ships in response to Iraqi attacks. Throughout both these conflicts, however, the Strait of Hormuz remained in use.

The control of waterways has long been used to thwart adversaries and shape strategic outcomes. In 1951, after Tehran nationalized its oil industry, the United Kingdom used naval pressure to prevent ...

Mitchell Grant is a self-taught investor with over 5 years of experience as a financial trader. He is a financial content strategist and creative content editor. Dr. JeFreda R. Brown is a financial ...