Iran’s grip on trade is a potent weapon, but it has an expiry date

Al Jazeera
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Iran’s grip on trade is a potent weapon, but it has an expiry date
Read the full story at Al JazeeraOriginal

Iran can exploit dependence on Hormuz today, but prolonged disruption will erode that leverage

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The Story At A Glance
  • • Iran uses the Strait of Hormuz to threaten global energy supplies and increase its bargaining power.

  • • Prolonged disruption forces global markets to develop bypass pipelines and alternative energy sources.

  • • Tehran seeks international recognition of its control to begin charging ships for transit.

Context
The Strait of Hormuz is a critical maritime chokepoint through which one fifth of global oil flows. Iran exploits this dependence to create market uncertainty and exert geopolitical pressure.

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Al Jazeera

Iran’s grip on trade is a potent weapon, but it has an expiry date

Iran can exploit dependence on Hormuz today, but prolonged disruption will erode that leverage

www.aljazeera.com

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