Now we are going to get to see what really happens to the global economy when the Strait of Hormuz is completely closed for an extended period of time. Before the war, approximately 45 percent of all Asian oil imports traveled through the Strait of Hormuz. The Chinese normally get more oil from the Middle East than anyone else, and the amount of crude oil that they have been importing has collapsed. That is not sustainable for the Chinese, and they are getting very angry. At the same time, relentless drone attacks on Russia’s energy infrastructure have forced the Russians to buy gasoline from India. If the Strait of Hormuz remains completely closed for months, global energy supplies will get extremely tight and the price of oil will go into unprecedented territory.On Monday, the world was shocked when two oil tankers from the United Arab Emirates were struck by Iranian cruise missiles…
The Iranians have warned that any commercial vessels that attempt to travel through the Strait of Hormuz without their permission are subject to attack, and they were not bluffing.
On Tuesday, three Liberian-flagged oil tankers were also attacked by the Iranians…
These attacks have brought traffic through the Strait of Hormuz to a standstill.
And that isn’t going to change any time soon, because the IRGC just announced that “as long as the US evil stays in the region, not a drop of oil and gas will be exported from the region”…
Wow.
That is quite a strong statement.
Meanwhile, President Trump has decided to impose a “full blockade” on all ship traffic coming to and from Iran…

This is really happening.
Even before these latest moves, traffic through the Strait of Hormuz had fallen to the lowest level in five weeks…
Now that the Iranians have shown that they are quite serious about enforcing the closure of the Strait, it is highly unlikely that shipping companies will dare to test them.
Even the smallest oil tankers cost millions of dollars, and so if you own one you don’t want it getting sent to the bottom of the ocean by a cruise missile.
And the U.S. Navy is going to make sure that no Iranian oil gets shipped out of the region.
The U.S. blockade of Iran is really going to upset the Chinese, because they depend on that oil.
On Tuesday, they demanded the resumption of “normal and safe passage” through the Strait…
The good news for the Chinese is that they have larger oil reserves than anyone else.
But the bad news is that China’s crude oil imports have fallen to exceedingly low levels…
If this crisis goes on for long enough, China will be forced to do something to restore the flow of oil.
But unless one side chooses to back down, there is no chance that this crisis will end any time soon.
As a former Pentagon official named Jason H. Campbell has pointed out, bombing Iran from the air will not be enough to win the battle for the Strait of Hormuz…
This is what I have been saying all along.
Hitting Iran from the air is not going to get the job done, but sending ground forces in is unthinkable.
So where do we go from here?
For now, the bombing of Iran continues.
On Tuesday the Iranians hit Bahrain with cluster munitions, and the U.S. response has already begun…

We are also being told that the U.S. is attacking Qeshm Island once again…
This is it.
Iran War 3 is here.
The IDF is not an active participant yet, but Israeli Prime Minister Benjamin Netanyahu is telling the Iranians that they will get hit really hard if Israel is attacked…
I think that it is just a matter of time before Iranian missiles are flying toward Israel once again.
And then things will get really crazy.
Speaking of crazy, the Houthis just bombarded an airport in Saudi Arabia after one of their own airports got bombed by the Saudis…
A full-blown war between the Houthis and the Saudis could erupt at any time.
And that could drag in Pakistan, because the Pakistanis recently signed a mutual defense pact with the Saudis…
The time for talk is over.
I am convinced that we will soon witness some absolutely shocking escalations, and the Strait of Hormuz will be closed for an extended period of time.
This will be a real test of the resilience of the global economy.
Oil stockpiles are being steadily depleted, and once they get low enough there will be a tremendous amount of panic.
Michael’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.

About the Author: Michael Snyder’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com. He has also written nine other books that are available on Amazon.com including “Chaos”, “End Times”, “7 Year Apocalypse”, “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, and “Living A Life That Really Matters”. When you purchase any of Michael’s books you help to support the work that he is doing. You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter. Michael has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and he always freely and happily allows others to republish those articles on their own websites. These are such troubled times, and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” If you have not already done so, we strongly urge you to invite Jesus Christ to be your Lord and Savior today.
The post The Battle For The Strait Of Hormuz Will Show Whether The World Can Survive Without Oil From The Persian Gulf Or Not appeared first on The Economic Collapse.
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