For some, the impact is already being felt but others remain in limbo over their energy security and are hostage to an unlikely de-escalation Don’t get The Long Wave delivered to your inbox? Sign up here For some, the impact is already being felt but others remain in limbo over their energy security and are hostage to an unlikely de-escalation Don’t get The Long Wave delivered to your inbox? Sign up here I t remains a confusing situation, but the strait of Hormuz now appears to have been closed