When the Iran war ends, the United States and Israel will declare victory and move on. Iran will likely do the same. But airstrikes and destroyed naval assets will not address the economic damage Iran has absorbed.
One of Iran’s demands may be achievable if structured correctly: the right to operate the Strait of Hormuz as a tolled waterway, in formal partnership with Oman. A bilateral Iran-Oman transit authority, denominated in dollars, could function as a reparations mechanism, a regional security architecture, and a quiet reinforcement of petrodollar supremacy, all at once.
Read the full op-ed at Foreign Policy.