• gingerbrat [she/her]@hexbear.net
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    2 months ago

    “It all comes down to who controls the Strait of Hormuz,” Dalio wrote in a lengthy post on X. If Iran retains the ability to control or even negotiate over who passes through the strait—through which roughly a fifth of the world’s oil supply flows daily—Dalio argues the U.S. will be seen as having lost the war, regardless of how the conflict is resolved. Dalio compared a potential U.S. failure at Hormuz to Britain’s humiliation during the 1956 Suez Crisis, a moment widely regarded by historians as the end of the British Empire’s global imperialism.

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