Fiddlers, Foreign Oil, and Failed Policy
By Steve Russell One-fifth of the world’s oil supply travels through the vital Strait of Hormuz in the Middle East. Iran recently threatened to blockade the Strait and choke off crude oil shipments from Middle East suppliers. Punctuated with a 10-day naval exercise, Iran clearly intends to hamper, obfuscate, and pester the West and its Arab allies even if not actually able to sever this vital [...]