The Cost of Reopening Hormuz

US and Iran tensions take center stage as officials meet this weekend to address the Strait of Hormuz crisis. Jennifer Kavanagh, Director of Military Analysis at Defense Priorities joined Bloomberg Open Interest to explain why no major deal is expected yet, how a fragile ceasefire is being held together by mutual incentives, and why diplomacy is the only realistic path to reopening one of the world's most critical shipping lanes.