Iran has spent months threatening the world over the Strait of Hormuz.

Don’t cross us. Don’t challenge us. Don’t ignore our rules. Don’t cooperate with the Americans.

Well, the ships are moving.

That’s the part Tehran can’t explain away.

Traffic through the Strait of Hormuz has begun recovering despite Iran’s threats, even as the regime announces new penalties for vessels that refuse to play by its rules. Some ships are using routes Iran doesn’t recognize. Others are sailing with their transponders switched off, making the precise traffic picture difficult to measure. But the larger point is becoming harder for Tehran to hide: intimidation isn’t working the way it used to.

Iran, naturally, is handling this with all the composure you’d expect.

Mohsen Rezaei, the regime’s new security chief, warned that countries cooperating with America’s economic campaign could be treated as committing an “act of war.” Tehran is also threatening retaliation against neighboring countries and economic interests if they help Washington tighten the screws.

Threats. More threats. And then some threats about the previous threats.

Maybe they’re nervous.

Because while Tehran is busy telling everybody what terrible things it might do, Treasury Secretary Scott Bessent is preparing to tell the world what the United States........

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