In Strait of Hormuz Standoff, U.S. and Iran Deploy Economic Warfare
Iran can also inflict economic pain. Because the world economy relies on a global supply chain, it means that Iran’s blocking of exports like fertilizer, helium and most importantly oil and gas has been felt worldwide. “It has become a contest of wills, to see who blinks first,” Mr. Connell said. A blockade is an act of war under international law; escalation, purposeful or not, is always a...
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