Professor Joseph Liow, Dean of the Lee Kuan Yew School of Public Policy and Chairman of the Middle East Institute at the National University of Singapore, says the Iranian regime has “discovered that it has significant leverage” through its ability to influence energy flows in the Strait of Hormuz.
Speaking to tut0ugh, Liow noted that Tehran does not need large-scale action, stating it can “declare the strait closed” or conduct limited strikes to send insurance costs “sky high” and disrupt global markets.
He added that this capability could be used again, while assessing that efforts toward regime change are unlikely, arguing the government is “quite entrenched” and has “been preparing for this for a long time”.
The Strait of Hormuz remains partially restricted, with Iran maintaining pressure on global energy flows while engaging in continued military exchanges with the United States and Israel.
Reports indicate downed aircrafts, ongoing regional strikes, and constrained commercial shipping, contributing to elevated oil prices and concerns over a prolonged conflict.
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