The Strait That Powers the World Every empire has its pressure points. For the modern financial order, one of the most important sits between Iran and Oman—a narrow stretch of water called the Strait of Hormuz. Roughly one-fifth of the world’s oil supply flows through this corridor. Tankers loaded with crude from Saudi Arabia, Iraq, the UAE, and Kuwait pass through this chokepoint before fueling economies across Europe, Asia, and the Americas. Now imagine that artery suddenly tightening. That’s exactly what happened as tensions erupted following a U.S.–Israeli offensive against Iran. The strait effectively closed, tanker traffic stalled, and oil markets reacted instantly. Crude prices surged to their highest levels in nearly two years, while gasoline and diesel prices followed…
Continue reading as a Citizen
Dedollarize News is free to read for signed-up members. Become a Citizen to finish this article, save what matters, and get the daily “While You Were Distracted” briefing.
No credit card required.
