Global policymakers are warning that the immense scale of destruction in the Gulf could have lingering effects for a long time to come, regardless of what happens in Islamabad, Karthik Sankaran noted in an analysis for Responsible Statecraft.
‘Open the Fu*kin’ Strait, crazy bastards’ Trump screams as he threatens indomitable Iran with strikes on power plants, bridges.
This is the foundation of American financial dominance. If this system collapses, the BRICS group will grow faster, the Gulf states will reconsider their position.
Lloyd’s List magazine said earlier that one vessel has already paid $2 million for transit. Tasnim news agency estimated that Tehran could make around $100 billion annually. This would be under the scheme once traffic in the strait is fully restored.
As I write, the USS Nimitz is exiting the Strait of Malacca after its deployment in the South China Sea. The decrepit carrier is heading fact for the Red Sea, a flashpoint between Israel and Iran.
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