The Strait of Hormuz and the Geography of Energy Security
A narrow waterway carries a fifth of the world’s oil. Why the threat to close it has been made so often — and carried out so rarely.
Tag
A narrow waterway carries a fifth of the world’s oil. Why the threat to close it has been made so often — and carried out so rarely.
For half a century, the idea of the ‘rentier state’ has explained why oil wealth sustains authoritarian rule. How well does it still hold as Gulf governments tax, diversify and reinvent the social contract?