Another opinion piece, this time from the Guardian
Iran faces strait of Hormuz paradox as strategic value of chokehold erodes
Is the strait of Hormuz, recently cited by the office of the Iranian supreme leader as “the pillar of Iran’s new security order”, and as transformative as possessing a nuclear weapon, in reality becoming a fast-diminishing asset, leaving Iran increasingly vulnerable to the new planned US wave of economic sanctions?
It is the key debate that is raging inside Iran, with many different conclusions being drawn for Tehran’s negotiating strategy. Those who warn the strait’s value as a chokehold on the world economy will erode, leaving the country without foreign exchange reserves, argue that Iran’s negotiators should seek a deal soon.
One analysis written by Hamid Paktinat, the founder of the Forum of Economic Activists, suggests the construction of alternative pipelines and export routes by Iran’s Gulf neighbours will halve the strait’s strategic value within three years.
The Iranian president, Masoud Pezeshkian, and the parliamentary speaker, Mohammad Bagher Ghalibaf, have both recently made unusually blunt comments about the need to end the war – and the economic consequence of continuing it. Ghalibaf said that regardless of how much military power Iran possessed, “if people are hungry” and there was no economic growth, the country could not endure. Security, he argued, could not be sustained without a functioning economy. He added that, as someone with a military background, “we know the value of peace better than those who talk about peace”.
Pezeshkian was even more blunt: “The war must end at some point,” he said. His argument was that Iran should end the conflict now, while Tehran still believes it is negotiating from a position of strength, rather than wait until its position weakens.
The Iranian central bank governor, Abdolnaser Hemmati, also recently went on TV to warn about the economic pressures. “We are facing four or five major challenges simultaneously, including maximum sanctions, blockade, cutting off oil exports, and a budget imbalance, each of which puts pressure on the economy,” he said. “One of the neighbouring countries told me that if one-fifth of what happened in your country happened in our country, we would not be able to govern the country.”
What is driving these remarks is the pressure on ordinary people in Iran, and an acceptance that the strait cannot become a permanent security doctrine in itself.
Hamid Asefi, a Tehran-based journalist specialising in geo-economics, is one of many warning that if Hormuz is to be played as Iran’s final card every time a crisis arises, this card will gradually lose its value. “A threat that is constantly repeated turns from ‘deterrence’ into a political habit; and a political habit, if not accompanied by concrete achievements, sooner or later leads to an inflation of threats,” he said.
The main question is no longer: can Iran close the strait, he wrote, but if Iran closes Hormuz to the world, does it open the door to power for itself or lock part of its power behind that door?
www.theguardian.com/world/2026/aug/26/iran-faces-strait-of-hormuz-paradox-as-strategic-value-of-chokehold-erodes