Adam Smith
1723–1790, Scotland (the Scottish Enlightenment: Kirkcaldy, Glasgow, Edinburgh)
Gunboats at the Bottleneck of the World’s Oil
When the Strait of Hormuz becomes a chessboard for reputations, the labouring poor pay in dearer fuel for games they did not choose to play.
A single narrow strait now bears a burden once carried by many scattered markets. We are told that through this pass, in times of peace, goes about a fifth of the world’s oil. Over it, fleets manoeuvre, cargo ships report mysterious blows, and presidents speak of “walls of steel,” of “last chances,” and of attacks that would have been the greatest since the last great war. One government proclaims that it defends its borders but seeks not to widen the war; another calls off a vast assault and immediately names the reprieve a decapitation deferred. The theatre is grand, the language sanguinary, yet the persons most concerned are the least mentioned: those whose wages will buy less when the oil is dear.
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