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Iran 'has won the escalatory cycle' in Strait of Hormuz standoff: Middle East Institute

CNBC · August 12, 2026

Alan Eyre, a former JCPOA negotiator at the Middle East Institute, said Iran has gained strategic advantage in Strait of Hormuz confrontations despite U.S. military superiority, as Washington prioritizes reopening the waterway and preventing further escalation. Eyre warned the conflict has disrupted global supply chains, establishing a "new normal" of slower, costlier trade routes.

Quwwaa's summary, drawn from reporting by CNBC. Read the full story at CNBC →

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