Bowen: Strait of Hormuz standoff raises risk of sliding back into all-out war

The risk of a standoff at the Strait of Hormuz has increased, raising concerns about a potential full-scale war between the US and Iran. Iran's tightening control of the Strait, following attacks by Israel and the US, could have severe global economic consequences, including oil shortages and disruptions to critical industries. The current situation carries a high risk of escalation due to misperceptions and miscalculations.