The US Navy is hesitant to intervene in the Strait of Hormuz due to the risk of attack from Iranian missiles and drones. The era of carrier-dominated airpower is fading, and the proliferation of cheap, effective, and unmanned anti-ship systems has shifted the balance in favor of shore-based weapons. This change raises questions about the future of navies and the wisdom of investment in expensive instruments of national power. The US Navy's inability to safely navigate the Strait of Hormuz has significant implications for global trade and the economy.