How Iran Is Holding the Strait of Hormuz Hostage | WSJ

TL;DR

Iran is paralyzing global oil trade by threatening to block the Strait of Hormuz using mines, missiles, drones, and warships.

Key Points

• 1.The Strait of Hormuz handles over 100 million barrels of oil weekly, with ~25% of global oil passing through it — 80% destined for Asia.
• 2.Iran's arsenal includes sea mines, coastal cruise missiles, submarine fleets, drone swarms, and small attack boats capable of halting all commercial shipping through the strait.
• 3.The disruption has already cut Gulf oil production, spiked global prices, and forced the US and IEA to release emergency reserves while the Pentagon moves additional marines and warships to the region.