THERE are certain places in the world that may appear insignificant on a map, yet their importance can have a profound impact on the future of the entire world. The Strait of Hormuz and Bab al-Mandab are two such vital maritime routes. Today, if war, tension or insecurity develops along these routes, its repercussions are not confined to the Persian Gulf or the Red Sea; they are felt from Washington to Beijing, from London to Karachi and from Dubai to Faisalabad. This is why disruptions in these two waterways have become a serious threat to the global economy.

The fundamental question here is whether the solution to this crisis lies in further war or in negotiations. The reality is that military force may temporarily secure a route, but lasting peace can only be achieved through a political........

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