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The worse scenario goes well beyond conventional economics and would occur if for instance the Straits of Hormuz at the mouth of the Persian Gulf were to be closed. There are simply too many vulnerabilities in the global oil-supply network--isolated oil and gas fields, vulnerable pipelines and storage tanks, and choke points like the Straits of Hormuz or Malacca. coasties not just patrolling the Straits of Hormuz during overt hostilities, but operating worldwide to teach riparian and littoral nation-states how to effectively patrol their waterways and enforce the laws of the sea in accordance with the standards of free nations. |
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