Oil prices are going to be high for a while to come and there will be no quick end to the Iran war.

Trump orders US naval blockade of Strait of Hormuz

US President Donald Trump has ordered a US naval blockade of the Strait of Hormuz in response to Iran’s “unyielding” refusal to give up its nuclear ambitions during peace talks in Islamabad. … Yesterday, the US military announced that two US warships had transited the strait at the start of a mine clearance operation.