Iran has found a weapon stronger than nuclear — The Economist

Iran has found a weapon stronger than nuclear. The Economist writes about this.

"Iran has probably acquired a weapon more powerful than nuclear — control over the Strait of Hormuz. While Western countries have focused on the Iranian nuclear program, events have demonstrated that Iran's true strength lies in its ability to influence the global energy system," the publication says.

Despite the construction of new pipelines in Saudi Arabia, UAE and In Iraq, it is impossible to completely replace the Strait of Hormuz, the author notes.

By 2030, some oil flows will be able to be reoriented, but exports of petroleum products, liquefied natural gas and a significant share of trade will continue to depend on this strait. Moreover, the new infrastructure itself can become a target for attacks.

The countries of the Persian Gulf depend not only on oil. They receive food, medicines and container cargoes through the Strait of Hormuz. If we look for alternative ways, it will take decades and require huge financial investments — tens of billions of dollars.

"Iran's influence on world prices may decrease over time, but the strategic importance of the Strait of Hormuz will remain for a long time. Control over this route remains one of the main levers of Tehran's pressure," the publication concludes.