Trump’s Strait of Hormuz pressure campaign isn’t about “protecting global commerce”, it’s simply coercion disguised as security policy. Using the US Navy to force Iran into unfavourable terms while floating “reimbursement fees” from Gulf states further highlights the desperation. As one ABC Australia reported commented today, "... that lack of invincibility, combined with the most hopeless failure of deal making and diplomacy many analysts have ever seen — from the man whose calling card is a deal maker — saw Trump beat his own record on strategic backflips this week...". Once again, traffic through the strait is down, the price of oil is up, and the world is left absorbing the fallout of the latest megalomania. For ASEAN economies heavily reliant on Middle East oil imports, this isn’t abstract geopolitics, it’s a direct hit to fuel costs and supply chains!
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