Strait of Hormuz: A Global Proxy War in Oil Transit The standoff between Iran and the US has sent shockwaves through global energy markets, prompting a scramble for alternative routes to bypass the strategically crucial Strait of Hormuz.
President Trump's threat to impose a 20% tariff on cargo passing through the strait has heightened tensions, but it also represents a calculated gamble by Washington to disrupt Tehran's financial lifeline.
The Gulf states have long been vulnerable to disruption in the Strait of Hormuz. Its vulnerability makes it a prized target for countries seeking to assert their influence.