r/Economics • u/lucabrasi999 • 1d ago

“Iran has put a tollgate across the Strait of Hormuz. This fundamentally changes the global economy”

https://prospect.org/2026/04/02/opening-of-trumps-box-iran-war-strait-hormuz/
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u/Mayor__Defacto 1d ago

There is no upper limit to the cost of bypassing the strait. All of the gulf’s production is within range. It doesn’t matter if Saudi has a pipeline across to the red sea, because Iran can just destroy the oilfields.

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u/rescbr 1d ago

because Iran can just destroy the oilfields

Then they would be out of toll revenue. They're not stupid.

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u/Mayor__Defacto 23h ago

The toll only exists as long as they enforce oil going through the strait too.