The Iranians are cutting off their noses to spite their collective faces.
The article continues:
US Senator Chris Murphy has called it evidence that President Donald Trump misjudged Iran’s capacity to retaliate. CNN has described it as proof that the administration has lost control of the war’s escalation.
The economic pain is real: Oil prices have surged, a record 400 million barrels of oil will be released from global reserves, and Gulf states are facing drone and missile strikes on their energy infrastructure.
But this framing inverts the strategic logic. Closing the strait was always Iran’s most visible retaliatory card, and always a wasting asset. About 90 percent of Iran’s own oil exports pass through Kharg Island and then the strait.
China, Tehran’s largest remaining economic partner, cannot receive Iranian crude while the strait is shut. Every day the blockade continues, Iran severs its own economic lifeline and alienates the one major power that has consistently shielded it at the United Nations. The closure does not just hurt the global economy; it accelerates Iran’s isolation.
www.aljazeera.com
The article continues:
US Senator Chris Murphy has called it evidence that President Donald Trump misjudged Iran’s capacity to retaliate. CNN has described it as proof that the administration has lost control of the war’s escalation.
The economic pain is real: Oil prices have surged, a record 400 million barrels of oil will be released from global reserves, and Gulf states are facing drone and missile strikes on their energy infrastructure.
But this framing inverts the strategic logic. Closing the strait was always Iran’s most visible retaliatory card, and always a wasting asset. About 90 percent of Iran’s own oil exports pass through Kharg Island and then the strait.
China, Tehran’s largest remaining economic partner, cannot receive Iranian crude while the strait is shut. Every day the blockade continues, Iran severs its own economic lifeline and alienates the one major power that has consistently shielded it at the United Nations. The closure does not just hurt the global economy; it accelerates Iran’s isolation.
The US-Israeli strategy against Iran is working. Here is why
Every aspect of Iran’s ability to project regional power is being successfully degraded.