Then Iran opened the Strait of Hormuz yesterday and Trump said the war would be over soon. The stock market jumped. But Trump never bothered to lift the U.S. blockade on the strait, so . . . Iran closed the strait again today and . . . well, apparently Trump made a killing off the killing by manipulating the market and then saying he plans to bomb Iran again soon.
Well, I've long since stopped trying to make sense out of all this, but I know that as long as the strait is closed, the Persian Gulf is the maritime equivalent of Willy Wonka's chocolate factory - no one goes in, no one comes out. And since so many resources that make modern civilization function, including oil and helium, come out of the Gulf region, it means that much of the West and a good deal of the rest of the world will suffer really severe shortages of almost everything. And given Iran's newfound power in the region and the United States' lost credibility, the Omanis and the Emiratis ought to consider a canal across the Musandam Peninsula to bypass the strait . . . though it would take at least a decade or so to even plan it before they could start building it.

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