Michael Shoebridge, Director of Strategic Analysis Australia, suggests that the US may need to lift its blockade of Iran for the Strait of Hormuz to fully reopen.
Why It Matters
The Strait of Hormuz is a crucial waterway through which a significant portion of the world’s oil supply passes. Any disruptions in the strait can have a major impact on global oil prices and supply chains. If the US were to end its blockade of Iran, it could potentially lead to a reduction in tensions in the region and ensure the smooth flow of oil through the strait, benefiting both regional stability and the global economy.
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