Why the US Must Secure the Strait of Hormuz

Control of the Strait of Hormuz will shape the next century. It channels 25% of global energy. Since Iran partially closed it, oil prices have doubled. Iran now demands payment in yuan to undermine the dollar. History shows the impact of trade chokepoints. In 1453, the Ottomans seized Constantinople and dominated trade until new sea routes emerged. In 1956, Britain lost global influence after the Suez Crisis and a failed canal campaign. The US created the petrodollar system after the 1973 oil embargo to secure its currency. That arrangement depends on Gulf stability. Iran’s yuan oil deal and China’s growing payment network now challenge this order. If the US cannot hold Hormuz, dollar supremacy could crumble and global power may shift.

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