The double blockade of the Strait of Hormuz is a landmark event with countless repercussions. For oil and gas importing countries, especially the poorest ones, it means suffering. It also means hardship for Persian Gulf exporters, accustomed to abundance, who are now seeing their sales channels cut off. And it means a windfall for fossil fuel powers outside the region, who are able to sell—and at much higher prices—everything they extract from the ground. One name stands out: the United States, which in little more than a decade has gone from significant energy dependence to a hegemony now reinforced by the war—its own war—against Iran.

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“You want oil to live above $60, but below $90.” This line is uttered by Tommy Norris, the character played by Billy Bob Thornton in the popular TV series Landman. One of Paramount’s most successful productions, it’s based on the adventures of oil workers in Texas. “But don’t get me wrong,” Thornton continues, “we’re still printing money at $90, but [when] gas gets up over $3.50 a gallon, it starts to pinch.”

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