James Stavridis: Chokepoint Economy Starts With Hormuz

US and Iranian forces clashed near the Strait of Hormuz overnight, highlighting the tension between the two sides even as they tout progress toward an interim peace deal.

The exchange of strikes came hours after US President Donald Trump said negotiations with Tehran to extend their ceasefire and reopen the strait are proceeding, though Secretary of State Marco Rubio added Tuesday that a deal would likely take a few days to finalize.

For more on the state of the conflict, we speak with Ret. Adm. James Stavridis, Bloomberg Opinion contributor and former Supreme Allied Commander of NATO. (Source: Bloomberg)

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