Iran ceasefire: Worst phase of Hormuz conflict yet to come, warns Ray Dalio
New Delhi, April 11 (IANS) American billionaire and investor Ray Dalio has said that the worst and most consequential phase of the Iran conflict is still to come, warning that a climactic "final battle" for control of the Strait of Hormuz will determine not just the outcome of the current war but the long-term credibility of American power and the stability of the dollar-led financial order that underpins it.