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world1d ago
Iran Had a Doomsday Weapon All Along
- Iran closed the Strait of Hormuz early in the conflict, creating a climate of insecurity for global shipping.
- Analysts warn reopening the strait would require a large international effort and a robust security framework.
- The disruption threatens global energy markets, with oil and LNG transit through Hormuz integral to the world economy.
- Iran’s tolling plan would demand payments in cryptocurrency or yuan from friendly ships, with unfriendly vessels barred.
- Iran associates the strait with its deterrence strategy due to its weaker conventional forces.
- U.S. and allied observers warn any long closure would cause lasting economic pain even after traffic resumes.
- Iran may push to monetize the strait as a war-time revenue source, impacting neighbors and trading partners.
- Tehran suggested a joint administration of a toll system with Iran at one point, highlighting uncertainty about policy.
- Experts warn the strait’s closure illustrates how economic leverage can substitute for conventional military power.
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