The American blockade and Iran’s control of the Strait of Hormuz have created a stalemate that is neither peace nor raging conflict, with both sides attempting economic strangulation on the water.
If President Trump flies to China as planned in May, the primary topic will clearly be the rippling economic effects of a war that Beijing has made clear it viewed as unnecessary.
The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.
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