Hormuz and Yemen: Iran offers de-escalation at a price others will pay

It was hardly surprising that Tehran chose the United Nations General Assembly (UNGA) in New York as the platform for its latest offer. After nearly seven months of war with the United States, Iranian Foreign Minister Abbas Araghchi returned with a plan that, on its face, says the waterway through which roughly a fifth of the world’s oil and a similar share of its gas pass could...