Iran's Maritime Strategy Causes Global Economic Shock Amid Strait of Hormuz Blockade
Iran's strategic use of anti-access and area denial (A2/AD) tactics in the Strait of Hormuz has led to a significant global economic disruption. Despite extensive military operations by the United States and Israel aimed at neutralizing Iran's capabilities, the Strait remains effectively closed. Iran's deployment of advanced naval mines and shore-based missile systems has deterred commercial maritime traffic, reducing tanker movement by over 90%. This blockade has removed approximately 20 million barrels per day from the global oil market, causing Brent crude prices to surge past $109 per barrel, with projections of reaching $150 if the situation persists. Additionally, Iranian strikes on Qatar's Ras Laffan facility have cut a fifth of the global liquefied natural gas supply, exacerbating the economic impact.