Iran can control Strait of Hormuz without closing it, experts warn at forum in UAE

The Strait of Hormuz does not have to be physically closed to become a global trade chokepoint, experts warned in Abu Dhabi on Tuesday, as soaring insurance costs and selective threats to shipping allow Iran to exert pressure without declaring an outright blockade.The warning came as commercial traffic through the waterway remains far below normal levels and war-risk insurance costs have surged, making the economics of transit increasingly difficult for ship operators.Allison Minor, a maritime s...

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