This file photo taken on Feb 19, 2025 shows the Strait of Hormuz. [Photo/Xinhua]
Every so often the global economy is reminded that it still runs, quite literally, through a narrow passage of water.
The Strait of Hormuz is one of those places where geography and economics collide with geopolitical forces. When it is open, the world scarcely notices. When it is closed, everyone pays — at the pump, in inflation data, in stock markets and eventually in global stability itself.
Tehran said that the Strait of Hormuz has been blocked since Saturday evening and will not reopen until the United States lifts its naval blockade on the waterway. That happened shortly after Iranian Foreign Minister Seyed Abbas Araghchi said on Friday the strait would remain “completely open” to commercial shipping during the current truce with the US, in line with the…
