The dual blockades of the Strait of Hormuz by the US and Iran are perhaps the most ludicrous aspects of this ME imbroglio. Both seek vital strategic objectives through them. Currently, the US has blocked the movement of ships and tankers to and from all ports of Iran, while the latter intends to control the movement of all shipping to and from the Persian Gulf.

Unsurprisingly, the Strait of Hormuz has emerged as a critical asset for Iran. It has started controlling all the sea lines of communication and trade routes, especially for oil and maritime traffic, through it. International cables carrying internet connections are embedded in this chokepoint as well. That is a massive strategic vulnerability at the global level and leverage for Iran. Any disruption of digital communications could crucially upend regional and global economies.

These blockades have caused global prices of oil, gas, fertilisers, chemicals, etc., to shoot right through the stratosphere. They are directly affecting 20% of global oil and gas trade through the Strait of Hormuz. In conjunction with a blockade of the Bab el-Mandeb chokepoint by Iranian allies, 25% of the world’s economy could be threatened. This is phenomenal leverage for Iran, which is least likely to cede control of the Strait to any outside power or succumb to its pressures. It might agree to share joint control with Oman. The US could accept this. Both belligerents could simultaneously lift their blockades and allow free and open navigation through the Strait for all........

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