The Hormuz Strait as the 21st Century Suez Moment (legrandcontinent.eu)

• Geopolitical credibility is shifting: Beijing is perceived as a stable alternative to unpredictable U.S. policy.
• Resource weaponization: China controls 80% of tungsten refining, critical for precision munitions.
• The dollar's dominance is currently sustained by the lack of viable alternatives, not by trust.

"The conflict in the Strait of Hormuz acts as a geopolitical tipping point comparable to the 1956 Suez Crisis. While the U.S. retains military capacity, its inability to secure energy transit routes undermines the credibility of the dollar. China is strategically positioning itself as a reliable mediator while promoting the petroyuan. By supplying precision technology to Iran and controlling essential raw materials like tungsten, Beijing is leveraging the crisis to erode Western dominance, while global dependency on Chinese green technology accelerates as an energy-security response to the blockade."