The US has negotiated a fragile ceasefire that could reopen the Strait of Hormuz, but Asian allies that depend on the waterway are already being forced to rely on others for energy security– to the benefit of America’s top adversaries. After the initial airstrikes by the US and Israel in February, Iran effectively closed the Strait of Hormuz, through which one-fifth of the world’s oil flows. Allies in Europe and Asia were not informed in advance of the war or asked to take part from the outset. Nonetheless as the price of crude oil surged, US President Donald Trump lambasted…
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