Dalio: US-Iran "Final Battle" in Strait of Hormuz Will Change the World

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Bridgewater founder Ray Dalio warns in his latest personal column that the current struggle between the US and Iran over the Strait of Hormuz will be an “ultimate showdown”—not only changing oil prices but also transforming the world. Market observers are closely watching oil prices and the global economic outlook, while Dalio believes that the end of an “empire” may be imminent. Dalio points out that if the US loses control of the Strait of Hormuz, it could very well repeat the experiences of Britain during the Suez Crisis in 1956, as well as the failures faced by the Dutch Empire in the 18th century and the Spanish Empire in the 17th century. The pattern of empire collapse is almost always the same.

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