OTOH the US is the largest oil producer in the world [1]. Theoretically the US could keep domestic prices in check, but that would require rather drastic administrative pressure, likely only legal at wartime.
Why wouldn't Iran accept Yuan? Without doing anything special, China is becoming the most reliable trade partner in the world.
I still think the timing is justified because if they had waited another 6 - 12 months Iran would have built up such a missile stockpile it would have been even more painful to attack them, and an untouchable Iran would absolutely destabilize the ME even worse then it was/is doing already.
If only someone didn't rip up a deal a particular president with a Kenyan father did, Iran might've been more contained...
Repost because of the clear strategic downvoting of my other comment.
I repeat: provide some evidence.
Just like after he stopped all US support to Ukraine a year ago.
Nah, soft power is out. Bluntly, if the Philippines strays too far from US interests, they can be strangled, first economically, then militarily.
This doesn't tell us anything new (we've already had many stories explaining that oil prices have been elevated for almost a month now; the revenue is a natural and entirely expected consequence) and really only serves to give another place for people to shop around their preferred theories about the politics behind this, and to complain about whichever political figures they prefer complaining about.
karim79•1h ago