New York —
The world economy is being held hostage by the de facto closure of the Strait of Hormuz.
Gasoline, jet fuel and diesel prices have skyrocketed. Stock markets have tumbled, and recession odds have climbed.
After weeks of trying and failing to reopen the critical waterway off the coast of Iran, President Donald Trump has floated a new idea: walk away and let others clean up the mess.
Trump told the New York Post on Tuesday that the Strait of Hormuz will “automatically open” after the US military exits the war. “Let