Ray Dalio likens the 2026 Strait of Hormuz standoff to Britain’s 1956 Suez Crisis

Ray Dalio has compared the 2026 U.S.-Iran confrontation over the Strait of Hormuz to Britain’s 1956 Suez Crisis, describing it as a systemic turning point for U.S. imperial and financial dominance. He points to the U.S. national debt crossing $39 trillion and the dollar’s share of global foreign exchange reserves falling to 56.9%, the lowest since 1995. He also argues the conflict reflects a broader reordering of global power rather than a standalone episode.