The ongoing U.S.-Iran war has closed the Strait of Hormuz, the narrow waterway through which approximately 20% of the world’s oil and liquefied natural gas normally transits daily, triggering the largest energy supply disruption in the history of global oil markets. The closure has paralyzed China’s Belt and Road shipping infrastructure, eliminated Iran’s primary source of government revenue, and forced the world’s buyers to seek reliable alternative suppliers.
Whether by design or by a convergence of fortuitous circumstances, President Trump has used the war and its economic pressure points to position the United States as the dominant force in global energy, systematically reducing the power of Iran, China, and Russia while consolidating U.S. control over critical shipping lanes from the Persian Gulf to the Panama Canal.
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