Hormuz Standoff Squeezes Global Wallets as Iran and US Dig In

Iran insists the Strait of Hormuz will stay closed until the US meets its conditions—demanding an end to the war, unfrozen assets, and a region-wide ceasefire.

• What's proposed: Tehran's six-point list includes “payment in full” for war damages and a permanent end to hostilities across the Middle East.
• How it affects you: The standoff is pushing Brent crude near $90 and WTI above $83, translating to higher fuel bills and shipping costs that will...