Iran attempted to seize a British tanker in retaliation for the arrest of an Iranian vessel from Gibraltar. The United States is collecting a coalition against Tehran. What can lead the tanker war in the Persian Gulf and why is Trump’s strategy doomed to failure? New conflict in the Persian Gulf. The incidents with attacked…
In the US-launched trade war with China, Beijing decided to apply the first real sanctions against American companies caught in selling arms to Taiwan The official representative of the Ministry of Foreign Affairs of China Geng Shuang made an announcement that For the sake of ensuring state interests, China will impose sanctions on American enterprises…
The Trump administration last week cut its fourth and biggest arms sale to Taiwan, sparking a furious condemnation from Beijing that the US was undermining its sovereignty and “grossly interfering in China’s internal affairs”. The weapons deal reportedly worth some $2.2 billion is expected to be given final approval by Congress in the next few…
Warnings of famine are increasing in Venezuela, and U.S. sanctions are responsible for driving the country over the edge: In a new study, Venezuelan economist Francisco Rodriguez at New York brokerage Torino Capital set out evidence that US financial sanctions are associated with a 797,000 b/d drop in oil production, worth about $16.9bn a year. He warned…
Since the Iranian revolution took power in 1979, the world stood against Iran because it is an “Islamic Republic”, unwilling to acknowledge and bow to US dominance of the Middle East and the entire world. I say the world because the revolution was followed by the Russian Perestroika and the fall of the Soviet empire…
The signs are mounting steadily now. As the Trump administration weaponizes the dollar in defense of American hegemony, it is prompting many other nations to find alternatives to the U.S. currency as the default medium of exchange. The long-term implications of this swiftly advancing trend, evident among allies as well as those Washington considers adversaries,…
