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No Protection From Gulf Shock: World's Biggest Condom Maker Warns Of Price Hikes

The first-order effect of the U.S.-Iran conflict and the resulting shutdown of the Hormuz chokepoint was the disruption of global energy flows, from LNG to crude to refined products. The second-order effect was a spike in petrochemical prices and a widening shortage of key industrial inputs. Now the third-order effe…

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Hormuz: The line that would not hold

THERE are moments in foreign policy when action matters less than reaction — when what the world refuses to do tells you more than any display of force. Hormuz, after Iran closed it, was meant to prove American power. It descended with the full grammar of its might — warships deployed, ultimatums issued, red lines d…

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