With the Hormuz crisis, another element falls into place in the mosaic of the new world order. This order is dominated by the titanic struggle between the U.S. and China, manifesting in commodity and energy markets. That Europe has slept through this transformation is a sign of blatant reality denial.
We are currently receiving conflicting reports from the Strait of Hormuz — that strategic chokepoint where global geopolitical weather is shaped like nowhere else. Sometimes a Greek tanker passes through, sometimes a French one. Most often, tankers destined for India or China navigate without incident.
