“Fluid Dynamics – The situation in Iran and the region is fluid. Two fluids in particular might drive the course and duration of the war. You can probably guess the first one. Wall Street Journal Gift Article: Strait of Hormuz: The Oil Bottleneck Threatening the Global Economy. But there’s another fluid that could also be at risk. Javier Blas in Bloomberg (Gift Article): The Iran War’s Most Precious Commodity Isn’t Oil. “The CIA calls it the ‘strategic commodity’ of the Middle East. But it’s not referring to oil or natural gas. What the American spy agency has in mind is far more prosaic: drinking water. Don’t underestimate it, though, because if military hostilities continue to escalate, water could become the geopolitical commodity that decides the war between the US and Iran.”

See also Le Monde – With the Strait of Hormuz blocked, regional trade disruptions could ripple across the globe. Following the US-Israeli strikes on Iran, maritime traffic in the Persian Gulf has ground to a halt. These disruptions risk causing congestion in Asian ports.