U.S. and Iran both say they control the Strait of Hormuz amid attacks that threaten return to all-out war and global economic upheaval

The United States and Iran both claim control over the Strait of Hormuz following a series of mutual strikes. These renewed attacks occur as both nations are nearly halfway through a 60-day period intended to end the war. The escalating conflict raises significant fears regarding a potential return to all-out war and the possibility of global economic upheaval, casting doubt on whether the current peace efforts will successfully conclude the ongoing hostilities between the two countries.