Breakingviews: Making Hormuz Irrelevant Is a Decade-Long Bet
🛢️ HORMUZ — Bypassing the strait takes years; Iran's blockade only needs months. 📌 LOOK CLOSER: The long-game argument — pipelines, rerouting, LNG alternatives — assumes buyers have time. They don't. Petroline is down, Bab el-Mandeb sealed, Muscat collapsed. Every week the blockade holds, rerouting costs become the new price floor. That asymmetry favors Tehran: keeping a strait shut costs nothing; building around it costs billions.
