Caitlin Talmadge analyzes the Strait of Hormuz standoff:
[N]aval confrontation in the Gulf would benefit no one. It would be bad for everyone, but worst for Iran, whose naval assets are scarce and not easily replaced—a lesson Iran learned the hard way in its last major naval confrontation with the United States, in 1988. With any luck, leaders in Tehran remember these realities. Certainly, their recent behavior suggests a desire to extract leverage by publicly making a threat rather than by stealthily following through on it.
The Dish 