From maritime trench warfare to a 'sloppy peace': Here's how the Strait of Hormuz standoff could play out, according to Goldman Sachs

(Credit: U.S. Central Command)

Unless Iran’s regime collapses, the Strait of Hormuz will never be open like it was before the war, according to Jared Cohen, co-head of the Goldman Sachs Global Institute and the bank’s president of global affairs.

Since the U.S. and Israel launched their war in late February, Tehran has discovered how much leverage it can wield over the global economy by closing off the Strait of Hormuz, he said Friday on CNBC. As a result, Iran will not let go.