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The Real Iran Threat to the Strait of Hormuz (Causing Oil Prices to Skyrocket)

April 30, 2019 Ilan I. Berman The National Interest

The Iranian government could wreak real havoc on the global economy not by closing the Strait outright, but rather by narrowing it. By limiting commercial traffic flowing through the crucial waterway (for example, via military exercises), the Iranian regime can successfully drive up the marginal price of world oil without providing the United States with a clear justification to act.

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