The Strait of Hormuz and the Partial De-Universalization of the Petrodollar:
Chokepoint Power and Settlement Control in the Gulf Energy Order
This journal article analyzes the Strait of Hormuz as both an energy chokepoint and a strategic settlement node. It argues that the petrodollar system is not collapsing immediately, but is being partially de-universalized through chokepoint power, access-based settlement control, and fragmentation in the Gulf energy order. The article introduces Chokepoint-Driven Settlement Shift (CDSS) as a framework for understanding how control over critical maritime nodes can condition payment practices without creating a full alternative monetary order.
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