The Strait of Hormuz shows how everything is now about leverage
- Written by Renaud Foucart, Senior Lecturer in Economics, Lancaster University Management School, Lancaster University
lavizzara//ShutterstockIran’s military might was never going to be a match for the US and Israel. So instead it turned to the highly effective weapon it has at its disposal – geography.
Blocking off the Strait of Hormuz has shaken the global economy. It has doubled the price of a barrel of crude oil, which has a knock-on effect on the...







