Netanyahu: Hormuz Strait to lose strategic value
Israeli Prime Minister Benjamin Netanyahu said on Wednesday he expects Iran's chokehold on the Strait of Hormuz to lose its strategic weight after the war ends, predicting that oil pipelines will be rerouted around the…
Assessment
The strategic importance of the Strait of Hormuz is in question after Netanyahu’s prediction that oil pipelines will bypass it post-war. At stake is global energy security, given the strait carries about one-fifth of the world’s oil. Watch for whether rerouting plans materialize and how Iran responds to losing this leverage.