3 weeks ago

Iran bets on Strait of Hormuz leverage to outlast US

Iran bets on Strait of Hormuz leverage to outlast US
Iran sees Trump cornered, but war deadlock carries risks of economic collapse, social unrest · telegraphindia.com

Iran and the United States are in a big fight called a war.

Iran is in charge of a very important sea passage called the Strait of Hormuz.

Lots of the world's oil and gas travels through this waterway.

Iran thinks that if it keeps the strait mostly closed, gas prices will stay high and the US will give up.

Iran also thinks time is on its side, so it just needs to wait.

But Iran has big problems too - its economy is hurt, food costs a lot, and its people protested.

The fight started in February, when US and Israeli strikes killed Iran's top leader.

Some Iranian leaders want to make a deal, but others want to defeat the US completely.

Nobody knows yet who will win this risky game.

Key facts

Key waterway
Strait of Hormuz carried a fifth of the world's traded oil and gas before the war
Iran's strategy
Keep the strait under Iranian control as a 'strategic lever for deterrence' and an 'unbreakable red line'
War start
US and Israeli airstrikes on February 28 killed Iran's supreme leader and other top officials
Iran's demand
US must lift its blockade; a deal with Oman to manage the strait is conditioned on this
Economic toll
Triple-digit food inflation; US blockade has choked off much of Iran's oil exports
December protests
Currency crisis sparked some of the biggest anti-government protests in the 47-year history of the Islamic Republic
Collapsed agreement
June interim agreement collapsed after a surprise Iranian attack on Jordan in July

Quotes

Rahman Ghahremanpour

Iran-based analyst

“For Iran, the Strait of Hormuz has become a strategic lever for deterrence, maintaining the regional balance of power, and reshaping the security rules in the Persian Gulf.”
telegraphindia.com
“More than revenue from the strait, Iran wants to confirm its management and sovereignty over the strait.”
telegraphindia.com

Sources

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