This is the ‘Hormuz Effect’ – the ultimate symbol of the decline of the American dream
The US-Iran War is officially over. After months of back-and-forth negotiations, a finalized Memorandum of Understanding (MOU) has been signed by US President Donald Trump and his Iranian counterpart Masoud Pezeshkian, the fighting stopped, and shipping will resume at Iranian ports and through the Strait of Hormuz.
It is this last part that deserves more attention, because the entire focus of the American effort during the negotiation period boiled down to getting oil flowing freely once again through this choke point. As James Carvelle famously noted during…
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