The Strait of Hormuz Is Open. Also Closed. It’s Complicated.

The Strait of Hormuz "will not be opened," Iranian warned on Tuesday, "Until the U.S. commitments in the memorandum—including lifting the blockade, releasing frozen assets, lifting oil sanctions, ending threats and military operations on all fronts, and the other conditions to which the U.S. committed—are implemented." I guess that settles it — the Strait is firmly in the Islamic Republic's grip. Not so fast. On the flip side, President Donald Trump said earlier this week that the U.S. naval blockade against Iran "remains in full force and effect. The Hormuz Strait is open and operating. All water mines have been...