Iran continues missile and drone strikes and has tightened its grip on Gulf oil and gas shipments, amplifying a global energy shock. But that may ring hollow unless the Strait of Hormuz — a key global oil route — is fully reopened, something Iran has so far resisted. Iran’s retaliation — including strikes across the region and disruption of oil flows — appears to have exceeded US expectations. Still, Iran has rejected key elements of the US proposal as unrealistic, while leaving the door open to further contacts. “Trump traffics in contradictory signals,” said Laura Blumenfeld, calling him a “one-man ‘fog of war’ messaging machine.”

Source: The Telegraph March 28, 2026 11:50 UTC