Citic Securities

Citic Securities analysts compare Hormuz strait to US 'Suez moment'

Beijing-based Citic Securities has compared the US dilemma in the Strait of Hormuz to Britain's 'Suez moment' in the 1950s, suggesting it could mark a turning point for American global supremacy. In a report published on Saturday, analysts said the US is now 'wedged' in the strait, facing a challenge to its control and searching for a way out. The analysis comes amid shipping blockades by the US and Iran in the vital waterway.

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