The centrality of the Strait of Hormuz to the global oil trade reveals Iran's leverage in the ongoing war. "Chokepoints" author Edward Fishman says Iran has learned from its experiences with U.S. sanctions and "totally turned the tables on us" to "impose devastating economic pain." #Velshi
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In closing the Strait of Hormuz, Iran used its leverage and 'turned the tables on us’
As President Trump threatens to use the U.S. Navy to blockade the Strait of Hormuz, the centrality of the strait to the war in Iran reveals its importance as a "chokepoint" for the global economy. Edward Fishman, author of "Chokepoints: American Power in the Age of Economic Warfare," tells Ali Velshi that "Iran learned from the experience of being under financial sanctions for decades" how to use its leverage to "impose devastating economic pain on the United States." In upending the global oil market, Iran has "totally turned the tables on us," Fishman says.
