Tag: Japan

By Helen Raleigh | Commentary, The Federalist The U.S. naval blockade of the Strait of Hormuz is a significant escalation that carries considerable risks and rewards. This week, the United States imposed a naval blockade on Iranian ports in the Strait of Hormuz. The action marks a significant escalation following the collapse of peace negotiations between the U.S. and Iran. While the move carries considerable risks, it also offers substantial potential rewards. The Strait of Hormuz, with Iran controlling its northern shore, has long been one of the world’s most critical energy arteries. Before the war, roughly 20 percent of global seaborne oil trade and significant volumes of liquefied natural gas (LNG) passed through its narrow waters. Sin...