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This is another reason US doesn't really care about Hormuz that much in the grand scheme of things. They have Venezuela under their control and it's a lot closer and easier to police and protect as well as exploit compared to the increasingly wealthy Gulf vassals who the US cannot entirely stop from getting close with China and who anyway in the middle of this century will become unlivable due to climate change. Hormuz situation will encourage investment and increased exploitation of these reserves providing the US a stable source of cheap oil not only for its own use but for export to control vassals through pricing deals or withholding energy. Same as the other plans seizing waterways like Panama canal, kicking out Chinese companies, locking down Greenland, etc. The real stumbling block of course still being replacing certain Chinese industries like rare earths and so on. We'll see if they can pay companies to do that in the west with guaranteed business and a ban on Chinese alternatives or if that falls apart with the companies taking the investments and running. Obviously I hope for the latter.
in the grand scheme they need heaps of billions in investment (and years) to build up the extraction & refining capability to exploit VZ to an extent to somewhat replace SOH traffic. Morons like Bessent might be brushing off defeat in Iran with VZ "futures" but global reserves are going to force an acquiantance with reality soon enough
well the panama canal takeover failed for now so that's another W
Not as if Panama isn’t a us vassal state regardless. It doesn’t even have a military.