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The Hormuz Catastrophe: US & Israel Knew the Risks — and Escalated Anyway

Summary by Consortiumnews
Washington has converted a military operation into a strategic endurance contest in which Iran possesses an exceptionally powerful economic weapon, writes Dan Steinbock. By Dan Steinbock Iran has not collapsed, while Hormuz has become a global economic choke point. The central failure was n

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6 months of confrontation... the Hormuz crisis raises the global economic bill... details in a presentation by Mary Essam.

Although Iran's military potential has suffered serious losses, Tehran still retains an important lever of influence in the Strait of Hormuz.

The US-Israeli confrontation with Iran has witnessed a significant strategic shift six months after its outbreak, with the prospect of a direct military victory giving way to an economic battle and an open-ended naval blockade. While Tehran acknowledges the heavy economic cost of the conflict, it insists on maintaining its regional power, primarily its control of the Strait of Hormuz, alongside diplomatic calls for de-escalation. The decline in …

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جنوبية broke the news on Sunday, August 30, 2026.
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