Ships Cluster Further From Hormuz Strait as Iran Widens Grip

Hundreds of vessels were seen clustering near Dubai on Tuesday, as more ships moved away from a still-empty Strait of Hormuz in response to Iran’s efforts to widenBloomberg Terminal its area of control.

A weeks-long ceasefire between the US and Iran has begun to look increasingly fragile, with the two sides exchanging fire as Washington said it had opened a passage through the waterway and CBSBloomberg Terminal reported two American destroyers had crossed into the Persian Gulf.