Topic: Hormuz Crisis

2 chapters across the catalog

Iran has reportedly begun jamming GPS in the Strait of Hormuz, leading to ship collisions and oil tanker fires. A shutdown of the Strait would block a massive percentage of the world's energy supply, benefiting Russia while causing European economies like Germany and Spain to collapse. China is also signaling a shift by purchasing record amounts of gold, preparing for a move away from the U.S. dollar.