Iran’s attempt to weaponise the Strait of Hormuz has economically backfired
By seeking to control the critical waterway, Tehran attempted to hold the global economy and the Arab Gulf states hostage. Instead, it has been inflicting the greatest damage on itself – and on the Asian…
Assessment
Iran's gambit to leverage the Strait of Hormuz as a coercive tool against the global economy and Gulf Arab states has backfired. The strategy has primarily harmed Iran’s own economic interests and the Asian markets that still buy its oil. This outcome suggests that Iran miscalculated its leverage over the waterway, inadvertently isolating itself further. The key question is whether this setback will force a shift in Tehran's regional strategy or deepen its defiance.