The Strait of Hormuz May Reopen, But the System Has Already Broken

April 26, 2026

The market will panic when the Strait of Hormuz closes. When it reopens, policymakers will all feel relieved. At present, we are all witnessing this in real time, but reality is definitely the opposite.

Ships and tankers in the Strait of Hormuz off the coast of Musandam, Oman, April 18, 2026. REUTERS/Stringer

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