transportation
Where there's public transportation, there's problems, policy and bureaucratic politics; mitigate road rage and commiserate with your fellow travelers.
U.S. strategic competition with China.
This war Stop being a medley story the moment the first oil tanker changed course in the Persian Gulf. What I mean is, Strait of Hormuz is the most important energy bottleneck on earth. Everybody knows it is the most important energy bottleneck on earth. And if it was the threat from Iran last time, this time Iran has partially done it. It is so narrow, IRGC has a lot of control over it. Just like in the Strait of Malacca, army/navy has control over it. Similarly, here the Iranians have control over it. And recently, China, Russia, and Iran have already conducted war games. So it is this narrow, 33 kilometers wide, you are hearing about it everywhere, everybody is talking about it. It is the width of a large city. So in this narrow passage, which holds 20% of the world's oil, one fifth of the world's oil and gas goes through, it is around 17 million barrels per day. There is no realistic alternative route except the Strait of Hormuz. If we close this passage, its consequences will not stop at any one border. Europe will pay, Japan will pay, India, South Korea, China, everybody pays the price. So a theory is floating around, which backs my argument that China is the target. It is that in Washington circles, there is a discussion going on, let's be honest, if this happens, what do we have to do? The hawkish people there say that this disruption should be allowed because it does not impact them as much as it impacts those countries, which I have just mentioned. So let's take this opportunity that the slowdown of China's energy supply can be slowed down. Trap Beijing in such an expensive moment as long as this congestion remains in the Strait of Hormuz, it remains closed, partially or completely. Iran keeps Beijing hit very badly from an energy security point of view. So the containment policy of China that is already going on is an added bonus. So imagine, on one hand, you are doing everything with technology and trade, imposing tariffs, treating them in the South China Sea, imagine all this. And from the other side, almost 90% of the oil and gas supplies go to China. If it is blocked for a few days, how badly it will hit China. So imagine, while the world is suffering, they are only having strategic designs in their minds.
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