
This is a regional conflict that increases the risk of a global conflagration: insurance premiums are rising, shipping traffic is slowing, the supply of hydrocarbons appears limited, prices are rising, Asian importers are absorbing the shock, Chinese vulnerability is exposed, U.S. naval power is strengthened, Iranian resilience is bolstered, and U.S.-China rivalry intensifies around the same flashpoint. It is a complete chain of cause and effect: a local disturbance producing global consequences, shifting balances, exposing weaknesses, and empowering those who can control critical sea lanes.
NEA KRITI / Society - Tuesday, March 10, 2026