"If this goes on for another two months, we're in a global recession. There's no way around it. The U.S. is staring down the barrel of a credit crash and sky-high inflation."
"The whole world won't stand for a long-term toll. There will be a higher risk premium even if the strait opens tomorrow."
"Trump has to do something, and he has to do something soon. The U.S. must either put 'boots on the ground' to take control of the narrow strait or make some kind of truce that's unlikely to last."
The Strait of Hormuz presents complex challenges for U.S. policy amid the Iran war. A ceasefire or disengagement could lead to a nuclear arms race among Gulf states. Military control of the strait would incur significant costs and risks. Continuing the current strategy may trigger a global recession, with experts warning of a credit crash and high inflation. Even a partial opening of the strait would only provide temporary relief, as oil prices would remain elevated due to ongoing tolls imposed by Iran.
Read at Fortune
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