South China Morning Post (April 20)
A “Hormuz moment” might signal the “decline of US dominance.” Citic Securities analysts are comparing the unfolding situation in Iran to the “Suez moment,” when Great Britain “lost control of the Suez Canal along with its global superpower status.” On Saturday, the analysts wrote “that a similarly consequential ‘Hormuz moment’ could be a watershed for America’s global supremacy.” In fact, Citic posits “the global order may have already undergone subtle but significant changes.”
Tags: Analysts, Citic Securities, Consequential, Control, Decline, Dominance, Hormuz moment, Iran, Suez Canal, Superpower status, Supremacy, U.S., UK, Unfolding, Watershed
Bloomberg (March 26)
“After the year we’ve all had, we needed a global crisis as hilarious as a container ship the size of the Empire State Building getting stuck sideways in the Suez Canal, bringing global shipping to a screeching (splashing? doggy paddling?) halt.”
Tags: Container ship, Empire State Building, Global crisis, Halts, Hilarious, Shipping, Stuck, Suez Canal
