Locked in a war that has provoked threats of genocide from the US and retaliation from Iran, Washington and Tehran are forming an accidental alliance to strangle global trade and cripple the world economy.
Donald Trump’s threat to close the Strait of Hormuz to all Iranian shipping and to all vessels that have paid Tehran an illegally imposed toll for using the international sea passage, combined with Iran’s illegal blocking of the oil artery, drove the price of a physical barrel of crude oil up to $148.
