Iran Is Losing Its Grip on the Strait of Hormuz – Iran’s most valuable trump card is losing its value. For decades, the Strait of Hormuz was the ace Tehran kept up its sleeve in every confrontation with Washington.
Before this current conflict, roughly 100 ships and 20 million barrels of oil moved through that narrow stretch of water every day. Close it, the theory went, and the world economy would come begging.
A U.S.