"With its control of the Strait of Hormuz, that's what Iran is capable of doing, and probably will do. The war planners in Washington, D.C. and Jerusalem apparently never understood that, when under attack, Iran would adopt Muhammad Ali's classic rope-a-dope strategy."
"Oil and gas prices have soared since the start of the war between Iran and the US and Israel, largely because Iran has effectively closed the Strait of Hormuz—a key shipping channel through which 20% of the world's oil and LNG flows—by using mines and missiles to scare off commercial vessels."
Steve Hanke, a Johns Hopkins economics professor, compares Iran's military strategy to Muhammad Ali's famous rope-a-dope boxing technique from the 1974 "Rumble in the Jungle" match. Despite US military superiority eliminating most Iranian military infrastructure, Iran continues disrupting global commerce and energy markets by controlling the Strait of Hormuz, through which 20% of world oil and liquefied natural gas flows. Iran has effectively closed this critical shipping channel using mines and missiles to deter commercial vessels. Recent Iranian attacks on Qatar's LNG export plant caused extensive damage, driving Brent crude and European natural gas prices to four-year highs. Hanke argues Washington and Jerusalem failed to anticipate Iran's economic disruption strategy, which pressures President Trump to end the conflict by threatening global economic growth.
#iran-military-strategy #strait-of-hormuz #energy-markets #economic-disruption #geopolitical-conflict
Read at www.businessinsider.com
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