Iran’s New Oil Weapon

Israel

Despite a fragile cease-fire between the United States and Iran, the global economic crisis sparked by the closure of the Strait of Hormuz continues unabated. Dueling blockades have kept 20 percent of the global oil supply, 20 percent of the global supply of liquefied natural gas, and critical commodities such as helium, aluminum, and urea trapped inside the Persian Gulf, unable to reach markets. U.S. efforts to evacuate ships from the strait have been met with a renewed barrage of Iranian

Iran’s New Oil Weapon https://www.foreignaffairs.com - 07:48

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Iran’s New Oil Weapon https://www.foreignaffairs.com - 07:48