Strait of Uncertainty: The Gulf's Shipping Blockade and What It Means for Global Energy The latest round of hostilities in the Persian Gulf has brought the world closer to an energy crisis.
President Trump's decision to reimpose a shipping blockade on Iranian vessels, in response to renewed attacks by Iran on US military sites in Bahrain and Kuwait, threatens global oil supplies and higher energy prices.
This is not just a matter of geopolitics or national security; it has far reaching implications for the global economy.