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From Leverage To Liability: The Hormuz Strait Is Now Iran's Biggest Weakness
From Leverage To Liability: The Hormuz Strait Is Now Iran's Biggest Weakness
Authored by Daniel Lacalle,
For half a century, the Strait of Hormuz was Iran’s weapon. Today, it is its noose.
The mathematics of energy have flipped, and with them the balance of coercive power in the Persian Gulf.
Iran’s implicit deterrent was geographic, spanning from the tanker wars of the 1980s to the sanctions standoffs of the 2010s. Almost 20% of global seaborne oil, and a similar share of liquefied natural gas, passes through the Strait. The formula was simple:...
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