Most people think the Strait of Hormuz matters more to Europe because more oil goes there.


But the real strategic value is for the U.S.
Oil flowing through Hormuz is priced in USD. That demand helps sustain the dollar’s global dominance, and recycles Gulf oil profits into U.S. assets.
Control the chokepoint. Reinforce the currency.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin