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BlockBeats News, June 9th, former US Secretary of Defense Lloyd Austin said that the US Navy has the capability to reopen the Strait of Hormuz. However, he mentioned that maintaining this key oil and gas shipping route open in the long term would be costly and would require allies to participate.
Austin, who served as the Secretary of Defense in the Biden administration, stated: "The US Navy can certainly reopen the Strait of Hormuz. But sustaining its open status in the long term will come at a significant cost, so if that were to happen, we would like to see the international community participate together. If we reopen the strait, we want allies and partners to join in because freedom of navigation is not only important to the US but to the entire world."
Austin pointed out that Israel's continued attacks on Hezbollah in Lebanon are one of the main obstacles to broader diplomatic efforts to end the conflict. He hoped to see this situation "de-escalate" so that negotiations could continue.
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