Iran has been winning its economic game of chicken with President Donald Trump.
Trump’s extraordinary blockade of the Strait of Hormuz this week shows the United States isn’t backing down just yet. But America’s significant new step adds substantial risk – to more than just the economy.
If it lasts, the blockade could inflict severe damage to both the Iranian and the US economies. It’s a kind of mutually assured economic pain that the United States, with its $31 trillion economy, is betting it can better withstand.
But the blockade will require serious military power to enforce, putting US troops in harm’s way