The era of free seas is unraveling — and now with Iran’s ‘toll booth’ everyone’s going to pay
The Wall Street Journal reports: In just six weeks, the Iran War has shattered a system of global trade that has enriched people and nations for more than a century: the freedom to sail the open seas. The Strait of Hormuz long functioned as an artery for the world’s maritime economy. But that 30-mile-wide waterway is now a monument to a new global disorder. As some 20,000 sailors effectively held hostage at sea digested President Trump’s cease-fire announcement this week—contingent…