The Strait of Hormuz remains closed and the economic costs of the war keep mounting. Yet markets are trading like the war is over. The wisdom of crowds? Or delusion?

As talks begin this Saturday, the top priority is clear: The Strait of Hormuz must reopen, but not on Iran’s terms.

Nearly 70 years after the Suez crisis, the United States may have marched into a strikingly similar trap in the Strait of Hormuz.

The war in Iran is choking global energy supply. History shows shocks like this rarely end without a recession.

As Trump send the Marines to the Strait of Hormuz, he is opening strategic opportunities for China and Russia. Other choke points may soon be at risk.

The U.S.-Israeli onslaught on Iran may look to future historians like a staging post to a global conflagration.

Trump’s critics pine for old-school diplomacy. But Jared Kushner and Steve Witkoff triumphed where Joe Biden’s national security professionals failed.

It is not the road to serfdom that awaits—but the steep downward slope to the status of a peasant in ancient Egypt.

Hundreds of drones buzzing overhead like lethal hornets, watching with unblinking eyes for targets, others descending for the kill. Soon there will be thousands.