US President Donald Trump has initiated an international trade war in which American consumers and businesses are bearing most of the immediate costs, and now he has started a war on global energy where people worldwide are paying the price. While Iran is no match for US military might, Tehran has turned its control of the Strait of Hormuz – through which 20 per cent of the world’s crude oil flows – to its advantage.Nations in conflict with the United States do not need to fight back tariff for...