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https://www.cnbc.com/2026/02/17/iran-us-strait-of-hormuz-oil-nuclear-talks-geneva.html

Iran partially closed the strategically vital Strait of Hormuz on Tuesday, state media reported, citing “security precautions” as Tehran’s Revolutionary Guards conduct military drills in the waterway.
It comes as the U.S. and Iran hold talks in the Swiss city of Geneva, seeking to resolve an ongoing dispute over Tehran’s nuclear program.
It marks the first time Iran has shut parts of the Strait of Hormuz, a major international waterway that links crude producers in the Middle East with key markets across the globe, since U.S. President Donald Trump threatened Tehran with military action in January.

Iran has been supplying China with oil in blatant breach of US sanctions for more than a decade.
This is another example of the current contest between China and the US being fought via proxies...with Iran supporting numerous groups in the middle east opposed to Israel which is backed by USA.
China can now offer almost compete supply chain support and commodities market for any nation seeking (or forced to) to break free from US hegemony.
Trump has taken out Venezuela and the Panama canal from Chinese control- Iran is next on his target list.
Then Russia.
How will this all play out?

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