Despite the ongoing conflict in the Persian Gulf, shipping in the Strait of Hormuz remains open…sort of. The Iranians have taken control, requiring ships to get clearance for safe passage.
Basically, Iran has set up a protection racket. They’re earning more from transit fees and oil exports than before the war, and all the Chinese ships carrying drone parts and components heading to Iran remain untouched. Even with the significant U.S. military presence in the region, nothing is being done to disrupt these flows.
Until that stops, Iran’s military operations and economy will continue to grow stronger.
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