Executive Summary BLUF: The Strait of Hormuz is becoming a legal-security bargaining space, not merely an energy chokepoint.The core contest is between coastal-state sovereignty and non-suspendable transit passage.The operational corridor already has an IMO-established traffic separation scheme jointly operated by Oman and Iran.The legal red line is explicit: international straits cannot be closed, and tolls … Leggi tutto Hormuz Legal Order: 5-Year Maritime Risk Outlook