Trump’s time is running out to avoid a nightmare Strait of Hormuz scenario

Crude oil prices dropped below $70 per barrel as traffic in the Strait of Hormuz resumed, but energy analysts warn of future price surges due to depleted reserves, stalled refinery operations, and ongoing geopolitical tensions. President Trump declared an interim peace deal with Iran 'over' amid renewed hostilities, complicating efforts to restore normal oil flows and risking economic challenges ahead of the U.S. midterm elections.