The only stable solution to the impasse in the Gulf is one that involves China and increases economic integration in the region COMMENT | SIMON JOHNSON & AMIR KERMANI | On Aug.24, the US Treasury Secretary, Scott Bessent, launched an “economic D-Day” programme, intended to cut Iran off from all trading partners. So far, this intensified economic blockade has only contributed to an escalation of the US-Iran war, rather than moving it toward a…
The US is increasingly getting under control of the Strait of Hormus and putting Iran under economic pressure. However, Washington lacks a clear strategy for the way out of the war.