THE STRAITS OF HORMUZ TURNS INTO DIRE STRAITS FOR THE WORLD ECONOMY.
April 19, 2026 3 Comments
I was going to wait for the markets to open on Monday to analyse the effect of a closed Straits of Hormuz on the oil and stock markets. But in this war there have been so many sudden moves that it is impossible to say whether or not the Straits will still be closed by the time the markets open on Monday. But if the Straits remain closed there is going to be a bloodbath on the international markets, a salutary lesson for all those speculators jumping on the wagon to make an early buck based on rumour even if that rumour comes from the President.
THEPLANNINGMOTIVE.COM 
See Richard Medhurst’s excellent unpacking of US objectives that runs pretty much counter to your analysis:
The Petrogas-Dollar: The Secret US Strategy Behind the Iran War
BIRTH OF THE PETROGAS-DOLLAR AND THE PIRATE STATE: A documentary film researched, written, and produced by Richard Medhurst.
https://richardmedhurst.substack.com/p/the-petrogas-dollar-the-secret-us
I will thanks for the heads up. I am aware of this argument, but I consider it a subsidiary reason not a primary reason.
Subsidiary to what? Regime change in Iran? Medhurst’s key argument is US control of global energy; Venezuela – done; Quatar’s gas – done; Iran, blockaded; Russia’s oil locked out of Europe and Europe deindustrialised; now China. US, the pirate state, controls the oceans. Russia’s ships grabbed, sunk. It’s down to Iran, Russia and China to stop the pirate but can they, will they do it or is their fear of a nuclear war stopping them from acting?