The Strait of Hormuz is not just an oil chokepoint
The Strait of Hormuz is not an oil chokepoint. It is the aortic valve of globalised production and like any valve, when it fails, the entire circulatory system collapses.
What difference has BRICS made on the world stage?
The bloc of nations has expanded and aims to reform what it calls a Western-led global order. The 17th BRICS summit is being held in Brazil, again aiming to balance Western economic power and political dominance.