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A photo dated April 21 shows a mural showing Iran controlling the Strait of Hormuz in Tehran, Iran. The New York Times The disruption of shipping flows through the Strait of Hormuz has highlighted the structural fragility of the global energy system. With roughly one-quarter of the world's seaborne oil passing through the narrow waterway, any closure has immediate and far-reaching economic consequences.
en English Economics Apr 30, 2026 , , and With a military solution to the closure of the Strait unlikely to succeed, the only sustainable long-term arrangement is to institutionalize today’s emerging arrangement, by which Iran, in coordination with the Gulf states, guarantees safe passage for a fee. Such a system could benefit all parties—not least the United States.
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