François Picard welcomes Peter Apps, Global Defence Commentator, who writes a bi-weekly column for Reuters on national security, conflict, international affairs, and technology. Rather than casting the current state of US–Iran tensions as a binary shift between war and peace, Apps outlines a more fluid and volatile reality, where ceasefire and escalation unfold simultaneously: “both (conflict and negotiations) will keep running.” At the heart of this crisis, the Strait of Hormuz emerges not only