The current war with Iran could have been avoided. US aggression in attacking a country thousands of miles away from their shores, is choking the Strait of Hormuz, a crucial bridge to global trade, is risking millions of people living in the Gulf nations, and destroying infrastructure at an alarming scale.
In a post on Truth Social, Donald Trump declared, "The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money."
Trump announced a refinery project involving Reliance Industries in Texas. However, project documents indicate the investment is far smaller, with Reliance acting as a long term buyer while the $300 billion figure reflects projected economic impact.
An official statement released on Sunday (8th March) read, "By a decisive vote, the Assembly of Experts appointed Ayatollah Seyyed Mojtaba Hosseini Khamenei as the third Leader of the sacred system of the Islamic Republic of Iran."
A sovereign nation’s policy works on sovereign interests. Sanctions or tariffs are just geopolitical hiccups that need occasional recalibration and working through. Be it crude oil, Liquefied Natural Gas (LNG), rare earths or any other commodity, the current global order is an intricate mesh of supply chains and logistical mechanics.
A New York trade court has ordered the federal government to refund billions in tariffs after the Supreme Court ruled President Trump’s use of emergency powers unconstitutional.