With the straight closed, I ran delivers no oil.
The Gulf States can carry on deliveries via pipelines to the Red Sea and Arabian Gulf.
China and the rest of Asia are the ones hurt by closing the straight. We have many allies there, AUS in particular. They’re already experiencing No Gas at some stations.
Iran is letting approved ships through.
The Strait is not closed...Iran controls whose oil get through.
This should be an incentive for the Arab gulf states to build a canal to bypass the SOH. They have had 47 years and zip has been done.