Oil and War: The Case That Trump Has Strengthened U.S. Global Positioning
As a result of the Iran conflict and U.S. actions in Panama and Venezuela, American control over global oil supplies has expanded significantly, while the power of Iran, Russia, and China has declined. The ongoing U.S.-Iran war has closed the Strait of Hormuz, the narrow waterway through which approximately 20% of the world’s oil and liquefied natural gas normally transits daily, triggering the largest energy