The Choke Point That Could Break the Global Economy
Bloomberg
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The war with Iran has already cost lives, billions of dollars, and shaken the foundations of the global economy and the worst may be yet to come.
Afsaneh Beschloss of RockCreek tells us why Russia and Iran are the unexpected winners at the Strait of Hormuz, and why a prolonged conflict could force the Fed to hike rates instead of cut.
Steven Cook of the Council on Foreign Relations explains why the Gulf states didn't see Iran's attacks coming and why Saudi-Israeli normalization may now be further away than ever. (Source: Bloomberg)
Strait of Hormuz naval standoff
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Talks between Iran and the US extend into second day as strait of Hormuz showdown deepens
Le Monde —
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‘This is the last warning.’ Iran threatens U.S. warships after they throw down the gauntlet for winner-take-all Strait of Hormuz
Fortune —
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Navy Warships Cross Strait of Hormuz to Clear Mines, U.S. Says
The New York Times —
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A Naval Standoff in Hormuz Shows the High Stakes in U.S.-Iran Talks
Wall Street Journal —
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US says two naval ships ‘transited’ Strait of Hormuz for mine-clearing
Al Jazeera —