Deadlocked, dysfunctional and dangerous: That is how the Strait of Hormuz standoff is increasingly being described. Now approaching its fourth month, the crisis off the coast of  Iran  is marked by mutual blockades. Tehran has been charging ships up to $2 million (€1.73 million) for safe passage through the strait, while the United States has imposed a naval embargo, turning back vessels carrying Iranian oil exports. These competing blockades have failed to deliver decisive results. Some