The Blockade of the Strait of Hormuz and Its Direct Impact on Our Industry (Part II):

The military conflict between the U.S. and Iran escalated again on the night of June 11. Following an Iranian drone attack on the U.S. Fifth Fleet stationed in Bahrain, the U.S. struck Iranian surveillance facilities and air defense systems. This was followed by attacks by the Iranian Revolutionary Guard on U.S. aircraft at the Al-Asrak base in Jordan; in Kuwait, too, the army reported intercepting enemy projectiles.

The U.S. and Iran offered completely contradictory accounts of the current military and political situation. The Iranian military stated that the strait was completely blocked. Officially, the Islamic Republic’s military headquarters justified the measure by citing the “changed security situation” following the U.S. attacks. Shortly thereafter, state radio reported that two ships had come under fire.

After a U.S. helicopter was shot down, the U.S. attacked targets in Iran. Tehran subsequently reported attacks on U.S. bases, while President Trump threatened further military strikes.

Last week, the World Cup kicked off in Mexico, the U.S., and Canada. The political drama—and now the FIFA drama—is hard to beat. Politicians around the world looked around as if the Devil himself had just appeared before them. The reason for their shock and paralysis: powerlessness. Overwhelm. Incompetence. At the expense of the people, the economy—simply everything. The fact that our industry is also being dragged along is just a side note. Normally, it feels like an eternity before things get moving. Right now, political leaders are rolling out strategies that change decisions and personnel as often as they change their underwear.

Source: Keystone, ZDF/TR