Twice in one year, the United States has been humbled by an adversary’s ability to weaponize its control over one of the global economy’s main arteries.
First, China wielded its dominance over rare earth minerals to secure a truce in President Donald Trump’s trade war. Then, Iran effectively closed the Strait of Hormuz, taking hostage global energy markets and leading to a ceasefire in its six-week war with the United States and Israel.
