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Procrastination on a Global Scale: The Race to Bypass Hormuz
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Procrastination on a Global Scale: The Race to Bypass Hormuz
Anne Jacob | Middle East FellowImage sourced from Jason R. Zalasky via Wikimedia “The world oil market is one market, and should Persian Gulf oil supplies be disrupted or stopped, then oil prices would rise for everyone… regardless of their sources of supply at the time.”These words were spoken in 1987 by then-US Secretary of Defence, but they could have been spoken today. The prescience of this warning raises an uncomfortable question: if the v…
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