The War in Iran Has Become a War for the American Empire | Terry Newman
Terry Newman argues that the American war against Iran has become a 'war of no choice', as maritime control is at stake. He describes damage to the Suez Canal, a drone attack on the port of Damietta, attacks on Saudi tankers, and route diversions. He links control of the seas to global power and the petrodollar system, and notes the US national debt of about $39.8 trillion.
In his article, Terry Newman argues that the United States' war against Iran has become a 'war of no choice', because at stake is America's ability to control the seas. He describes damage to the Suez Canal, the lifeline between Asia and Europe, including a drone attack on Egypt's Damietta port attributed to Iran or its proxies, and attacks on Saudi tankers that led shipping companies to reroute via the Cape of Good Hope. Hezbollah, he says, continues to maintain an Iranian anchor at the eastern edge of the Mediterranean. Newman links maritime control to global power, drawing a historical comparison to the fall of the British Empire. He notes the US national debt, about $39.8 trillion, and the petrodollar system born after the abandonment of the gold standard in 1971, and argues that if waterways are locked, the logic that holds the dollar as the world's currency and Washington's ability to finance huge debt at low interest will be undermined.
The War in Iran Has Become a War for the American Empire | Terry Newman