Hormuz Gamble Backfires for Iran as Oil Prices Fail to Budge

Iran's strategy of disrupting oil shipments through the Strait of Hormuz has backfired, causing more damage to its own economy and neighboring countries than to the US.

Tehran views control of the strait as its last credible source of leverage over Washington, but this has not produced the desired $100-plus crude shock.

The White House's tolerance for domestic economic pain may be lower than Iran's tolerance for economic collapse, according to analysts.