With a Fragile Ceasefire under Threat, What Future for the Strait of Hormuz?
The U.S.-Israeli war with Iran prompted Tehran to close the Strait of Hormuz, allowing only selected ships to pass through. In this Q&A, Crisis Group experts Yasmine Farouk, Chris Newton and Ali Vaez consider what could come next in this vital maritime trade corridor.
Long and fairly complete analysis of the options and difficulties involved in reopening Hormuz. Upshot-it ain't gonna happen anytime soon. Price wise, thusfar the price rise has been mostly speculative, actual shortage of product only exists in a few places. In roughly a month, stockpiles will be depleted and physical shortage will start a bidding war. The sky's the limit there and demand destruction will begin in earnest. People will start dying in the poor countries of the world. The real effects of Peak Oil will finally start setting in.
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