The Economist (May 2)
2026/ 05/ 04 by jd in Global News
“What was once unthinkable now appears unending. Most energy traders used to assume that, even under attack, Iran would not close the Strait of Hormuz, the narrow chokepoint through which almost a fifth of the world’s oil ordinarily flows.” It’s been two months since the Iran conflict broke out, “traffic in Hormuz remains near zero. Diplomatic efforts to get it flowing again are intermittent and inconclusive. Although a negotiated resolution is always possible, it is also conceivable that the strait could stay shut indefinitely.”
Tags: Attack, Chokepoint, Conceivable, Conflict, Diplomatic efforts, Energy traders, Inconclusive, Indefinitely, Intermittent, Iran, Negotiated, Oil, Resolution, Strait of Hormuz, Traffic, Unending, Unthinkable
