If the US wants to abdicate their position as a global hegemon of every waterway and trade route this seems like a good way to do it. The US is much less dependent on the Strait of Hormuz than its competitors.
Ten years down the line it may be the case that India will sail up and enforce toll-free waterways instead. That will never happen as long as the US puts up the resources for it. The American taxpayer will be better off if the burden of global free trade is borne more equitably.
Ten years down the line it may be the case that India will sail up and enforce toll-free waterways instead. That will never happen as long as the US puts up the resources for it. The American taxpayer will be better off if the burden of global free trade is borne more equitably.