Posted this before but with the wrong link.
Intro
>I was having dinner with my uncle last week, and he asked me a question I’ve been thinking about ever since.
>“Jay, why is this Iran war such a big deal?”
>He wasn’t being dismissive. He was asking the question many North Americans are quietly asking at their own dinner tables.
>But the better question — the one that gets you closer to the real answer — is this:
>Why is the Strait of Hormuz such a big deal?
>The answer is simple, but still badly underestimated.
>Close the Strait, and you put the entire global economy on a diet.
I've read a lot about the Strait of Hormuz and this is one of the better reads on this - unlike the 70's oil crisis or the covid supply chain crunch this one will take a while to flow through to the larger economy.
Rule Nr 4 not connected with the author is anyway
https://jaymartin.substack.com/p/the-boring-industrial-shortage-thats