This pointless U.S.-Israeli war of aggression has triggered the largest energy crisis the world has ever faced, and Europe is now staring down a six-week jet fuel cliff. The Strait of Hormuz blockade sent Brent crude soaring over 30% and is pushing airlines toward mass cancellations that will devastate summer travel. Developing nations will suffer most, but no country escapes this — the longer the war drags on, the deeper the economic damage gets.
Iran's stranglehold on the Strait of Hormuz is the root cause of this crisis, and the threat to extend blockades to the Red Sea and Sea of Oman makes clear that Iran is weaponizing the global energy supply. Airlines are already cutting flights and hiking fares, U.K. medicine supplies face shortages by June and food rationing is being seriously discussed. Reopening the strait unconditionally is the only path back to stability.
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