The Strait of Hormuz, a vital waterway for global oil trade, has become a point of contention between the US and Iran. US President Donald Trump has repeatedly claimed that the US has total control over the strait, but experts say the reality is more complicated.
Disputed Control
Iran has stated that it will not reopen the strait fully until the US meets its conditions, while the US has maintained a naval blockade of Iran, barring ships from entering or leaving Iranian ports. The blockade has strangled Iran’s cash flow and closed the strait to Iranian maritime trade.
Despite the US naval presence, shipping companies are hesitant to transit the strait due to the risk of attacks. At least four vessels belonging to the Abu Dhabi National Oil Company were attacked by drones and missiles in the strait last week alone. The UK Maritime Trade Operations has reported 54 incidents of damage to vessels in the strait since the start of the US-Iran conflict.
Global Implications
The dispute over the Strait of Hormuz has significant implications for global oil trade and the economy. The strait normally carries 20% of the world’s oil, and the closure has wreaked havoc on global economies. The US has a clear military and economic advantage, but its leverage is limited by its staying power.
Original reporting: KTVZ (Central Oregon) — read the source article.
