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Tag: Strait of Hormuz

The Oil That Is Already on the Water Is the Only Thing Buying Time

The problem with an oil crisis is that the public never feels it all at once because oil does not move by magic. It moves by ship, and ships move slowly. That delay...

Iran Waives Fees for Spanish Ships Passing Through Strait

Spain has now emerged in an unexpected position in the Strait of Hormuz crisis. Reports indicate that Iranian authorities are allowing Spanish-linked vessels to...

The World’s Most Expensive Toll Booth?

What is taking place in the Strait of Hormuz right now is not simply a disruption to shipping, but a transformation of a natural chokepoint into a political weapon,...