Notebook
Writer. Essays and notes on how the world works and how we live in it.
A Quota Cannot Open a Strait
OPEC+ can raise oil quotas, but it cannot reopen the Strait of Hormuz. Trump, Iran, war and shipping routes determine whether oil reaches households—and at what price across the world.
The Fingerprints of Shortage
The reopening of the Strait of Hormuz does not mean the oil crisis simply disappears. It means the crisis changes shape.