No, Mr Bessents: Hormuz Is the Infrastructure the Gulf Cannot Replace
Scott Bessent believes the Strait of Hormuz could become almost irrelevant within two years. Qatar disagrees. The argument matters because it goes to the heart...
Tag: saoudi arabia
Europe Escaped Russian Oil. It Did Not Escape Energy Risk
Europe spent four years diversifying away from Russian oil. This week provided an uncomfortable reminder that diversification is not the same thing as security. Saudi...
The Middle East Is Running Out of Detours
For months, the global oil market has survived the Hormuz disruption by finding alternatives. Now the alternatives are being attacked. Saudi Arabia has shut its...
The More Iran Is Squeezed, the More Dangerous the Gulf Becomes
Donald Trump is making a different bet on Iran. If military power cannot force Tehran to capitulate, economic exhaustion might. Scott Bessent is expected to...
Hormuz: The Illusion of Control
Donald Trump has declared that the United States has “total control” over the Strait of Hormuz. “It belongs to us,” he said, adding that Iran...
The Middle East’s Great Reordering: War, Energy and the Nuclear Race
The Middle East is no longer experiencing a series of disconnected crises. What initially appeared to be a military confrontation between the United States and...
The War Has Found a Second Chokepoint
For months, the Strait of Hormuz has dominated the global energy story. Investors have focused on whether Iran could close the passage, whether the United...
The One-Page Peace and the Many-Page Failure
Washington is now offering Iran what it refused yesterday: a staged reopening of the Strait of Hormuz and a gradual lifting of the American blockade....
Project Freedom, or the Art of Escorting a Crisis One Ship at a Time
Donald Trump now wants to guide ships through the Strait of Hormuz. After weeks of blockade, counter-blockade, threats, oil shocks and diplomatic theatre, Washington has...