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The slavish MSM says the Strait of Hormuz is open. Bloomberg.
US forces struck Iran again, after Tehran launched retaliatory attacks on at least five Arab nations. The Strait of Hormuz is “open to all vessels,” the US declared, even though the Islamic Republic insisted it was closed “until further notice.” Traffic in the key waterway was almost non-existent Sunday, with the security threat remaining “severe,” the multinational Joint Maritime Information Center said.
The issues are the tolled Iranian northern channel and the southern free Omani channel forced open by the US.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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