Hormuz Crisis Update: On Knife’s Edge

Over the past 48 hours, there has been a cacophony of statements back and forth between Tehran and Washington, DC, some suggesting that the probability of de-escalation is rising. At the same time, kinetic action has continued unabated. A Kuwaiti tanker was targeted by Iran off the coast of the UAE, followed by a Qatari tanker off Doha, and the US ramped up its attacks on Iranian industrial capacity. The world now awaits with great anticipation President Trump’s remarks to the nation on April 1.