Media Citation
Oil Surges Most Since 2020, Reflecting Bet That Strait Won’t Go Back to Normal | Wall Street Journal
Source: Wall Street Journal | 14 July 2026
[...] This week’s military action is part of a longer cycle of escalation and retaliation, said Clionadh Raleigh, founder and chief executive of Acled, a conflict monitoring group.
“Unless there is some sort of major knockout—which the U.S. has so far been unable to produce—I struggle to see a negotiated solution,” Raleigh said. “Even if attacks subside temporarily, the underlying dispute over the strait will remain, making future flare-ups highly likely.” [...]
