Strait of Hormuz. The Strait of Hormuz Conflict Directly Impacts the Global Economy—Especially China

According to power transition theory, when a rising power approaches the level of a dominant power, rivalry and instability tend to increase (Organski, 1958). In turn, offensive realism argues that states seek to maximize their relative power as a way to ensure their survival in an anarchic international system (Mearsheimer, 2001).