When U.S. Treasury Secretary Scott Bessent told an interviewer this weekend that the Strait of Hormuz would “become irrelevant” within two years — with more than half the energy now crossing it rerouted through underground pipelines — he was indulging a pipe dream. Bessent fails to grasp that Iran’s ability to use the Strait of...

According to a Wall Street Journal report citing US officials, President Trump has been privately weighing the possibility of declaring victory against Iran and ending the war without securing a nuclear deal, . Trump reportedly has floated to senior aides that if the US can keep Iran’s nuclear program in check and traffic resumes through...