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US scholar: Trump administration's Hormuz blockade is backfiring

Steve Hanke, a professor at Johns Hopkins University, argues that the imposition of the US blockade on the Strait of Hormuz doesn't make sense because it creates external damage and imposes costs on the rest of the world. The Trump administration's approach to the conflict with Iran follows a set of rules: attack, deny and claim victory, regardless of the actual outcome. 

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