Iran's Strait Influence and Gulf Options
Iran is increasingly gaining control over the Strait of Hormuz, a vital oil passage connecting the Arabian Gulf to the world, by being able to enforce an effective blockade using a limited number of missiles and drones. Analysts have confirmed that Iran's influence over the strait could continue for an extended period regardless of the outcome of negotiations with the United States, and that Iran has the option to completely close the strait, which could lead to a significant rise in oil prices and cause a shock to the global economy. Additionally, Iran has legitimized its control by establishing an Iranian authority to monitor transit operations, despite American sanctions. While the world is planning to strengthen alternative energy sources and direct oil exports through other routes, dependence on the Strait of Hormuz will persist, with increasing risks to global energy security.
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