Expert explains who gained from Strait of Hormuz blockade

MINSK, 9 April (BelTA) - In a new episode of the V Teme [On Point] project on BelTA’s YouTube channel Aleksei Avdonin, Chairman of the Board of the Belarusian Society Znanie, spoke about who gained from the closure of the Strait of Hormuz.

Speaking about the long-term consequences of closing the Strait of Hormuz, the expert noted that it could lead to an energy crisis. Such crises are often used by interested parties to curb the economic development of competitors. According to Aleksei Avdonin, the Anglo-Saxons, who have an interest in weakening their main competitors, could have benefited from the blockade of the Strait of Hormuz.

“We know that for Western capital and the collective West as a whole, the main competitors are China and Europe. At the same time, it must be understood that the leaders of the collective West are the Anglo-Saxons, who have always opposed Europe and China,” the expert emphasized.

He drew attention to the fact that the global economy is currently facing a crisis of overproduction. This is caused by the introduction of high technologies into the production process, which makes it easier to manufacture certain goods. Consequently, there is a need to find new markets. In order to restrain competitors in the fight for these markets, a sharp increase in energy prices is a logical step, as it raises the cost of producing goods and makes them uncompetitive.

“A most terrible redivision of the global economy and a fight for sales markets is underway. To restrain competitors, high energy prices are the best way. We know that COVID and lockdowns were also elements of containing the economic development of Europe and China. Now we are seeing the same effect,” Aleksei Avdonin concluded.