The Strait of Hormuz Shows How Everything Is Now About Leverage

The Strait of Hormuz shows how everything is now about leverage

Iran’s military might was never going to be a match for the US and Israel. So instead it turned to the highly effective weapon it has at its disposal –

Hormuz blockades show how everything is now about leverage

Iran’s military might was never going to be a match for the US and Israel. So instead it turned to the highly effective weapon it has at its disposal – geography. Blocking off the Strait of Hormuz has shaken the global economy. It has doubled the price of a barrel of crude oil, which has […] The post Hormuz blockades show how everything is now about leverage appeared first on Asia Times.

Strait of Hormuz shows how everything is now about leverage

London, Apr 23 (The Conversation) Iran's military might was never going to be a match for the US and Israel. So instead it turned to the highly effective weapon it has at its disposal – geography. Blocking off the Strait of Hormuz has shaken the global economy. It has doubled the price of a barrel of crude oil, which has a knock-on effect on the price the rest of the world pays for everything from fuel to heating and food to holidays. It also ma…