# content
https://www.ft.com/content/f20feee2-0c85-4138-9c41-86b691b74a06?syn-25a6b1a6=1

"“If #Hormuz transit is not restored to something resembling normal #commercial #risk,” says Craig Tindale, an Australian analyst closely followed in #Trump circles, “the [global economic] system shifts from price to rationing, from just-in-time to strategic hoarding and from #global optimisation to bloc logistics protected by #military force.” In plain English: that means higher #inflation — and lower #growth ."