What you’re not hearing about how much America needs the Strait of Hormuz

The US apparently has no plan to secure the Strait of Hormuz. The US consumes 20.9 million barrels per day of oil and refined products, and sources more than all of that internally. We still import, but the majority comes from Canada. Only a tiny portion of imports come from the Persian Gulf, and much of that can be routed to avoid the Strait. Even our significant export trade in products and crude can be sustained with the Strait closed. But we have to share the global economy with other nations who are highly dependent on oil transported through the Strait, and their economic difficulties can spill over into America. And oil prices are global prices, so domestic prices can't help but be driven up by global shortages. That is not inflationary, but drives risks to growth by disrupting consumption patterns.