fromFortune
8 hours agoNew Gingrich wants to drop a nuke on the Strait of Hormuz. America actually looked at the same thing in 1977 in Latin America | Fortune
The idea for a new canal to move oil from the Middle East had emerged two decades earlier, in the context of another Middle East conflict, the Suez crisis. In 1956, Egypt seized the Suez Canal from British and French control, causing the price of oil to spike for European consumers.
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