Hormuz disruptions push Asian economies back to coal as strategic insurance, with China leading domestic fuel redundancy.
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Decades of planning, not emergency action, drive Saudi Arabia’s Red Sea pivot. NEOM Port and the East-West pipeline reduce Hormuz dependency and reshape regional trade.
Hormuz is Iran’s tested weapon. No military reopening. Tolls and linkage diplomacy follow.
Iran’s true doomsday weapon: the strait. Easy to close. Nearly impossible to reopen.