What action can Iran take today that they couldn't take a year ago? No one who has been paying attention should be surprised that Iran can shut down the straight. It has been a known factor for decades.
They have less leverage. The have so much less that they are forced to openly use their last and most powerful card for their survival, when they never have had to before. That is a position of weakness, not strength.
They have less leverage. The have so much less that they are forced to openly use their last and most powerful card for their survival, when they never have had to before. That is a position of weakness, not strength.