Petro-imperialism is back in a big way.

On Monday, Iran’s military vowed to execute “necessary action” against US forces after it fired at and seized an Iranian-flagged ship the day before—destroying any hope for renewed peace negotiations in the near future.

While a spokesperson for Iran’s military called the US’ capture of the Iranian cargo ship trying to pass through a US blockade “blatant aggression,” they said the country’s first priority was to ensure the safety of crew members and their families on board. These developments are a drastic escalation of the fight for control over the Strait of Hormuz.

The Strait of Hormuz is a key waterway in the Persian Gulf through which approximately 20 percent of global........

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