Hormuz: The Strait Where Dollar’s Dominance is Irrelevant - Crescent International
Hormuz: The Strait Where Dollar’s Dominance is Irrelevant - Crescent International
Source: Crescent International
―
DW NOTE
When tankers actually stop moving through Hormuz, oil prices answer the question. The Brent strip is the referendum. The dollar's relevance to the Strait isn't philosophical — it's that every barrel priced there settles in dollars, and the Navy that keeps it open sails on Treasury issuance. If that changes, you'll see it in curve inversion and risk premia long before you read about it.