The Strait of Hormuz Standoff: High Stakes, Higher Oil Prices, and Endless DramaHi Folks, welcome back to Investment Income for Life. Looks look Iran has been making Donald Trump look like a fool. Donald said once again (for the millionth time) that a deal with Iran is now near. Rather, they are only dealing with Oman with regard to the Straits of Hormuz. The Strait of Hormuz—the narrow maritime choke point through which a fifth of the world’s petroleum travels.