How the end of the nuclear file could reshape Iran, and the region

Iran’s decision to act on its long-promised threat to close the Strait of Hormuz has brought United States countermeasures in the form of a US naval blockade. Despite doubts over the legality, feasibility and efficacy of Iran’s initial move and flip-flops about the continuation of the closure, the immediate global impact, surging oil prices and cascading market shocks appear to have surprised even Ira...