I think this is incorrect. The point is to show that if Iran does this, then they will not be the only ones that can do it. The last thing that should happen is to reward Iran for rent seeking on the Strait. Others can also seek rent then, and the whole strait gets shut down..which encompassed around 90% of all Iranian oil exports, which in turn was about 90% of their economic exports.

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tehjoker 29 minutes ago | parent [-]

There is truth to this but it's basically we'll hurt ourselves to hurt you more. This is a lose-lose strategy.

	▲	SubiculumCode 22 minutes ago \| parent [-]
		I am not sure if in the long term it is our interest to allow Iran to extract rent from this trade route, which would only strengthen China. It seems to me that the hurt is spread around the world quite widely, with inordinate impacts on Iran and China, not the U.S. or Europe [1]. [1] https://www.visualcapitalist.com/charted-oil-trade-through-t...