Emmanuel MacronPosts by

Thirty non-combatant countries gathered at the Elysee Palace today to launch the Strait of Hormuz Maritime Freedom of Navigation Initiative. The United States was not invited. That absence is the initiative’s most important design choice.

40 nations are meeting to plan a ‘purely defensive multinational mission’ for Hormuz. The initiative gets three things right — and is missing one critical piece: the funding mechanism that a structured toll system provides.