In a move clearly reflecting the scale of severe international division and polarization within the Security Council, Moscow and Beijing thwarted a strategic UN resolution aimed at opening the Strait of Hormuz and restoring smooth navigation via a double veto. This obstructive stance further complicates the already intricate geopolitical landscape in the Middle East. It foreshadows an impending stifling energy crisis and unprecedented surges in crude oil prices, which could heavily strike major industrialized economies that rely almost entirely on the Arabian Gulf's oil artery.
How Does the Dual Russian-Chinese Veto Deepen the Energy Crisis in the Strait of Hormuz?
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