What we’ve done in the Strait of Hormuz is one of those accidents that changes history: As the head of the International Energy Agency, the venerable Fatih Birol, said last week:
The vase is broken, the damage is done—it will be very difficult to put the pieces back together. This will have permanent consequences for the global energy markets for years to come.
The pieces of that broken vase are scattered across the planet, especially in Asia and Africa, where fuel prices are soaring and fertilizer made with fossil fuel is suddenly either unavailable or ruinously expensive.
