A peace deal has reopened the Strait of Hormuz, but insurance premiums, mine clearance and a container shortage across two continents suggest the disruption is far from over.
Articles on U.S.-Iran
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US consumers, already feeling pain at the gas pump, can expect higher prices and prolonged shortages for goods of all sorts, including food, as additional consequences of slowed oil production.
The U.S. military could certainly make an impact in any air campaign against Iran. But it will want to avoid another Iraq-like quagmire.
