International Man: Iran is already turning the Strait of Hormuz into a geopolitical toll booth—restricting traffic, charging transit fees, and shutting out the US and its allies. If this continues, what happens to oil, trade, and the global economy, and is there anything the US military can do about it?
Doug Casey: I did a bit of research. Definitions are important; poorly defined words can only confuse issues. A “strait” is a narrow, naturally occurring body of water that joins two larger ones. They’re traditionally considered international waters. Hormuz is the best known at the moment. The Strait of Malacca between Indonesia and Malaysia…
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