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Shutting Hormuz is “a card you can play once”, Chris Wright, America’s energy secretary, has said. Alternative routes, goes the thinking, will be found. So how long will Iran’s leverage last? The Economist interviewed experts and analysed data to build a “Hormuz dependency dashboard”. We reveal its findings.
Elsewhere: Embraer is flying high. The share price of the world’s third-largest maker of passenger jets has risen ten-fold since 2021, far outpacing Airbus or Boeing. Could it break the duopoly’s grip? | 
