برچسب hormuz

Mad king: how Sanders rebuffs Trump over Hormuz renaming

Senator Bernie Sanders has recently slammed Donald Trump over his reported suggestion to rename the Strait of Hormuz after himself, saying Americans want the president to focus on ending the war in Iran instead. Sanders argued that the conflict has pushed diesel and petrol prices higher, adding that the economic toll of the war matters more than renaming a strategically important waterway.

Hormuz: The bill for America’s strategic miscalculation

The initial assumption may have been that pressure on Iran would remain confined to a limited, controlled, and manageable framework. But the vortex of the Strait of Hormuz has shown that in today's deeply interconnected economy, war does not flow only where the missiles land. Part of the bill is now showing up in diesel prices, gas contracts, shipping insurance, the Treasury bond market, the Federal Reserve's interest rate, and the cost of financing America's $40 trillion debt.