← Back to all posts Changing the Board: The Hormuz Crisis
3-Part Series

Changing the Board: The Hormuz Crisis

March 17, 2026 — March 19, 2026

Twenty million barrels a day flowed through the Strait of Hormuz. Then they didn't. Who that hurts most is not who you think.

  1. Part 1

    Changing the Board, Part 1: The Chokepoint

    Twenty million barrels a day flowed through the Strait of Hormuz. Then they didn't. Who that hurts most is not who you think.

  2. Part 2

    Changing the Board, Part 2: The Free Ride

    The United States spent between five and twelve trillion dollars protecting oil routes that primarily benefited other countries. The bill is now due.

  3. Part 3

    Changing the Board, Part 3: The Pivot

    While the Strait of Hormuz burns, the US is quietly building an alternative energy order in its own hemisphere. Venezuela, Cuba, Greenland, and a drilling surge that started before the war.

Analysis by Graham Billington, founder of Clearform Labs. Follow intel.clearformlabs.com for updates.