Kuala Lampur, April 10 -- The real winners of this war were not the Iranian people, not the Lebanese, not the Gulf Arabs, not the Americans, and certainly not the poor fools told to clap every time a missile takes off on television.

The winners were the people who always win.

The weapons manufacturers. The oil traders. The consultants in expensive suits using phrases like maritime de-risking and regional deterrence posture. The lobbyists. The think-tank parasites. The men who can turn blood into billing hours and rubble into shareholder value. While civilians counted bodies, someone in Washington, Virginia, Texas and London was counting margins.

And for all that death, what was the grand achievement?

The Strait of Hormuz.

That famous...