The Weaponization of Chokepoints: Hormuz and SWIFT as Catalysts of Systemic Fragmentation
Introduction Global energy and finance are built on two critical chokepoints: physical maritime straits and digital payment networks. A rapid closure of the Strait of Hormuz or the exclusion of major banks from SWIFT both expose how these nodes underpin the financialization of commodities. When disrupted, they fracture benchmarks, contracts, hedging, insurance, and currency flows. […]
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