Hormuz key to global system
The article focused on the current conflict surrounding the Strait of Hormuz and its impact on global trade movements. The United States emphasizes that the strait remains militarily open, while Iran relies on indirect threats through its distributed capabilities of missiles, drones, and naval mines to assert its will. It was clarified that Iran’s ability to cause damage is limited and mainly aimed at demonstrating that vessels could be at risk, thereby opening the door for the market to make decisions based on the likelihood of danger rather than solely on the military reality. The article indicated that a short period of economic disruption could escalate into a global economic crisis if the closure continues, noting that a military reopening does not guarantee a swift restoration of market confidence. The real solution depends on Iran explicitly declaring itself as the primary party to end the closure, which would give it a strong political leverage in the battle.
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