Iran launched a limited retaliatory strike on a US base in Qatar, avoiding escalation despite possessing the ability to severely disrupt global oil markets by blockading the Strait of Hormuz. This decision is likely influenced by its significant oil exports, primarily to China, and the potential damage to its own economy and relationships with neighbors. A blockade would harm Iran's oil revenue and jeopardize its crucial trade partnerships, particularly with China, which relies heavily on Iranian oil. Furthermore, a blockade would likely provoke a strong military response and exacerbate Iran's already struggling economy and the suffering of its citizens.

Prepared by Rachel Morgan and reviewed by editorial team.