Iran steps back; U.S. pressure reopens Strait of Hormuz after naval blockade.
Summary
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“‘Hormuz moment’ could herald decline of US dominance: Citic Securities analysts Drawing comparisons with UK’s watershed ‘Suez moment’ in 1950s, report says US now ‘wedged’ in strait and searching for a way out With global attention fixed on the US and Iranian shipping blockades in the Strait of Hormuz and how many vessels have traversed the critically important waterway, a leading Chinese investment bank has been calculating the long-term gains and losses and how they could rewrite the global economic order”
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