ssue No. 6 of State of the Strait examines how Tehran is tying the reopening of Hormuz to the wider postwar settlement, even as shipping contracts, oil prices rise, and the international system searches for ways around Iranian coercion.

strategic competition is increasingly being expressed through infrastructure, industrial capacity, mineral supply chains, maritime access, workforce development, and commercial relationships rather than through military activity alone.

rump's nuclear initiative should be understood within that larger framework. The administration is not abandoning oil and gas in favor of nuclear power. It is simultaneously encouraging fossil-fuel production, LNG exports, nuclear construction and expansion of the infrastructure required to support them.