War In Iran, Pain In The Caribbean
One Caribbean Nation. by Sir Ronald Sanders The war in Iran is already at Caribbean doors. The attacks in Iran and the Gulf are being justified by some on the grounds that Iran's record on terrorism, nuclear ambition, and regional meddling leaves the "free world" with no choice but to act militarily. The Caribbean has every reason to take that record seriously. But for small, import‐dependent states in this hemisphere, an additional set of questions demands urgent attention: who is paying the economic and social price for this war, and what is it doing to the rules that are meant to protect small states? A war fought there, a bill paid here The conflict has already pushed up oil prices, freight rates, and insurance premiums for shipping through the Strait of Hormuz, one of the world's most critical corridors for oil and liquefied natural gas. For Caribbean countries that import most of what they consume, every additional dollar on a barrel of oil, and every extra c...