If Iran Wins The Strait Of Hormuz, The US Economy Stays Steady The latest iteration in the cat and mouse game between Iran and the US has been framed as a test of wills over control of the strategic Strait of Hormuz.
However, the real significance of this standoff lies elsewhere – in the long term implications for the global energy landscape and the US's position within it.
The conventional wisdom that Iran gaining control of the strait would spell economic disaster for the US is based on a narrow reading of the situation.