Blowing up the world
The blockade of the Strait of Hormuz marks a significant challenge to the global trade order established post-Soviet Union. President Donald Trump has indicated that negotiations are underway to resolve the situation and reopen the strait. This event highlights a shift towards a new world order where military force may be necessary to ensure trade, reminiscent of 19th-century practices.
- ▪The blockade of the Strait of Hormuz is part of a broader disruption to global trade.
- ▪President Trump announced that negotiations are in progress to finalize an agreement involving multiple countries.
- ▪The current situation suggests a shift towards a world order where military force may be required to secure trade routes.
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The blockade of the Strait of Hormuz is not an isolated episode but the latest in a series of blows to the global trade and economic order that was established after the Soviet Union’s fall in the early 1990s. Hormuz should probably be unblocked one way or another – and (update alert) Donald Trump claimed in a social media post Saturday afternoon US time that this was about to happen: I am in the Oval Office at the White House where we just had a very good call with President Mohammed bin Salman Al Saud, of Saudi Arabia, Mohammed bin Zayed Al Nahyan, of The United Arab Emirates, Emir Tamim bin Hamad bin Khalifa Al Thani, Prime Minister Mohammed bin Abdulrahman bin Jassim bin Jaber Al Thani, and Minister Ali al-Thawadi, of Qatar, Field Marshal Syed Asim Munir Ahmed Shah, of Pakistan,…
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