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UnHerd’s Freddie Sayers speaks with The Economist’s defense editor, Shashank Joshi, to dissect the frightening new reality of ‘democratized warfare’ in the Strait of Hormuz. As Iran utilizes low-cost drones, ‘smart mines’, and autonomous suicide boats to threaten 20% of the world’s oil supply, Joshi explains the shift from traditional naval battles to a war of economic attrition and investigates whether the price of entry for war has been permanently lowered – and what it means for the future of global stability.