Escaping the Hormuz Trap

George Mihalcea

Barring regime change in Iran or a durable diplomatic resolution to the closure of the Strait of Hormuz, the West is now facing its most fundamental challenge to its energy security since the Arab-Israeli wars of the 1950s, ’60s, and ’70s. To escape the Hormuz trap—a crisis in oil, gas, and petrochemicals transit that will slowly degrade the global economy over the months and years to come—the West must revisit a familiar pattern. For nearly three decades during those wars, Arab states seeking

Escaping the Hormuz Trap http://foreignpolicy.com - 09:45

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Escaping the Hormuz Trap http://foreignpolicy.com - 09:45