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Analyst: The political and economic costs are continuously mounting, and the United States will be the first to make concessions.
Golden Finance News reported that on April 24, the Commonwealth Bank of Australia (CBA), in a report released on Friday, wrote: “The longer the Strait of Hormuz is closed, the greater the economic loss—which could force one side to give in.” Before the outbreak of the war, about 20 million barrels of oil and petroleum products were transported through the strait every day. The analysts wrote: “We believe that, as political and economic costs keep accumulating, the United States will be the first to make concessions. But there is still a risk of large-scale military conflict, which would significantly push up the U.S. dollar exchange rate.”(Jin十)