Did Iran checkmate the US?

A two-week ceasefire has been reached between the US and Iran, though formal negotiations have yet to begin. In the meantime, Iran looks to have effectively established control over the Strait of Hormuz, reportedly imposing a $2 million toll on each vessel that passes through.  This is estimated to generate an additional $90 billion in revenue, on top of roughly $60 billion in annual oil... Details

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