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Ceasefire in the Gulf faces a brutal test as Hormuz tension rises between US and Iran
International
Published on 13 May 2026
One chokepoint, two outcomes, and markets brace
A fragile ceasefire in the Gulf is under pressure as renewed US-Iran tensions threaten to flare again around the Strait of Hormuz. Any clash could swing the situation between an outright wartime scenario and a prolonged “cold war” standoff—while the biggest immediate risk is disruption to global markets and energy flows.
- Strait of Hormuz sits at the center of US Iran flashpoints
- A ceasefire may collapse into either war or deeper standoff
- Any escalation threatens energy supplies and global markets
- The world is bracing for a high impact, fast moving situation
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times