The Middle East

  • Does the Iran War Herald the Advent of the “Euro Renminbi”

    Akio Kawato Since the 2008 financial crisis and the COVID shock of 2020, the United States has continuously expanded the supply of dollars. Federal debt has now exceeded the size of annual GDP. Policymakers fear that, at some point, this could erode confidence in U.S. Treasuries, trigger a surge in interest rates, and destabilize public finances. . Could the current…

  • After America: What Middle Powers Can Still Build

    Iran ceasefire talks are now beginning. Had the war continued, Iran’s retaliation might well have threatened the very survival of Gulf civilization itself, while also exposing the limits of U.S. military power and potentially bringing an end to America’s unipolar dominance. The ceasefire has, at least for now, bought everyone some breathing room. . Even so, this latest attack on…

  • Israel’s Gamble, America’s Limit–The War on Iran

    War is always shrouded in a haze of rumor and information control. In this latest conflict with Iran , one could not help but be impressed—at least initially—by Israeli intelligence capabilities and American military prowess, especially with the reported killing of Supreme Leader Ayatollah Khamenei. Yet the response that followed has been strangely muted, as if something were being held…