It seems certain that the world has suffered a shock by the closure of these straits controlling access to the Gulf though which 20% of the world's oil flowed, to say nothing of jet fuel, natural gas, diesel and fertilisers.
Oil products are limited. Even if we use them sensibly, they will be exhausted eventually.
To some extent the world will adapt, but I think it will take years and years, if ever, for the USA to come back as the beacon of liberty and democracy it once was. In my view, they have made a huge mistake on the world stage. They have made no new friends and, sadly, alienated many, who will not forget.
