The $300 billion question: Funding peace, or Iran's next proxy war?

Now that fighting in the Persian Gulf has resumed after Iran attacked commercial vessels in the Strait of Hormuz, the strategic landscape appears to have changed. After three rounds of U.S. military strikes and continued Iranian retaliation, the question is no longer how to restore calm. Rather, policymakers must decide whether the region is heading toward a wider war or whether a new model of peace can still be achieved.

President Donald Trump was correct to order retribution for the regime’s attacks and revoke Iran’s license to sell oil in dollars on the global market.