Citic Securities

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.