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Good point by Matt Eckel at The Global Buzz regarding Iran’s ability to cut off the flow of oil in the Straits of Hormuz as a deterrent against an American attack, most recently cited by Robert Kaplan in his Atlantic piece on Iran’s asymmetric naval strategy: The problem with Kaplan’s logic, however, is that it assumes Iran is only a crude oil exporter; that by attacking maritime shipping in the Strait of Hormuz it will only reap the bounty of higher oil prices. Except Iran isn’t only an crude oil exporter. It is a major importer of gasoline and other […]