Iran's successful blockade of the Strait of Hormuz has raised the question of what other vital waterways could cause this type of fallout.

The US blockade was intended to force Tehran into concessions, but instead it is undermining perceptions of American power

Iran has seized control of the Strait of Hormuz, cutting vessel traffic by over 85% and removing 11 million barrels per day from global supply, with ripple effects hitting crypto…