the Panama Canal, the Strait

Hormuz’s vitality for Iran and the world The Strait of Hormuz’s geostrategic location apropos of Iran grants Tehran disproportionate geoeconomic leverage. Unlike other trade routes such as the Red Sea and the Panama Canal, the Strait of Hormuz cannot be circumvented by ships to reach the desired destinations. However, a naval blockade or mining of the seaways by Iran would entail significant economic ramifications for the country itself. The resulting ripple effect would also engulf its Asian partners (Arab and Southern) and the global insurance and shipping industry. สล็อต