"The Iranian military occasionally broadcasts threats, trying to deter any captain who wants to chance passing through that narrow channel. As a result, fuel and fertilizer prices have skyrocketed, affecting a significant portion of the global economy."
"In a globalized world, we have just taken for granted that goods and people can move freely through international waters and airspace. But that isn't the historical norm; it's an accident of history created by overwhelming American military power."
"In wars and conflicts in the past, it's not uncommon for one country to disrupt transits of goods and people through straits and other waterways to try to put economic pressure on their adversary."
The blockade of the Strait of Hormuz by Iran and the U.S. has severely impacted global oil supply, causing fuel and fertilizer prices to soar. This situation illustrates the vulnerability of international trade routes, challenging the assumption that navigation through these waters is secure. Eyck Freymann emphasizes that the ability to move goods freely is a recent development, largely due to American military dominance. Historically, nations have disrupted trade routes to exert economic pressure on adversaries, raising concerns about the stability of other critical waterways.
Read at www.npr.org
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