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The Independent UK
The Independent UK
Maira Butt

The disturbing ‘new normal’ in the Strait of Hormuz: Attacks on ships at a record high and oil at $100 a barrel

When Donald Trump and Benjamin Netanyahu announced their war on Iran on 28 February, the plan was to launch a limited incursion, topple the Iranian regime within a fortnight and declare a swift victory.

But as the conflict approaches its eighth month, a worrying limbo has set in. Negotiations remain deadlocked and the price of oil remains stubbornly above $100 a barrel - a development that had once sparked panic in the markets now barely raises an eyebrow.

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