""Seizing the strait and controlling traffic through it—even if that control is imperfect—is a major victory for a regime that has no other successes to celebrate besides survival," said Matt Reed, vice president of geopolitical and energy consultancy Foreign Reports."
""Economies around the world will break if this drags on too long. Cracks are already starting to show," Reed said. "Everyone loses if Iran retains control over energy flows.""
Iran's potential control over the Strait of Hormuz could signify a major victory, impacting global energy prices and inflation. Experts indicate that this control, even if imperfect, would allow Iran to collect tolls and support post-war reconstruction. The U.S. faces options of escalating military pressure or a prolonged stalemate. Current vessel traffic from the Persian Gulf has drastically decreased, with only a small percentage of shipments reaching select Asian nations. Prolonged conflict could lead to significant economic repercussions worldwide.
Read at Fortune
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