Drop Site’s Ryan Grim speaks with Rosemary Kelanic, director of the Middle East Program at Defense Priorities and author of “Black Gold and Blackmail,” about her provocative New York Times essay, “Let Iran Control the Strait of Hormuz.” Kelanic argues that the U.S. should stop risking American lives and spending tens of billions of dollars to guarantee free oil transit for the world, and instead accept an Iranian-Omani toll system.
They also discuss why oil markets have avoided collapse, how China’s reserves and global rerouting have softened the shock, why EVs could end America’s dependence on Gulf oil, and why Trump’s push to control Venezuelan reserves would do little to replace the supply once flowing through Hormuz.
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