US Strait of Hormuz Blockade Turns Into 20% Protection Racket
It appears the United States is considering a rather dramatic and, frankly, audacious move regarding the Strait of Hormuz. The notion of reinstating a blockade, a tactic seldom seen in modern global maritime affairs, is already a significant development. However, coupling this with a demand for a 20% reimbursement from ships transiting the strait escalates the situation into something quite extraordinary, and perhaps, unprecedented.
This proposed 20% reimbursement is being framed as a fee for “safety and security” in a region acknowledged as volatile. The rationale, as articulated, suggests that the US, acting as a self-appointed “guardian,” would then be compensated for the costs associated with maintaining that security.… Continue reading
Matt Underwood