Economic warfare: Why the collapse of US-Iran peace talks may prove bad for the survival of Pax Americana
As almost no economy has escaped Iran’s war-time oil choke, the whole world was let down—barring, perhaps, America’s partner in this war of choice against it, Israel. Renewed ravages of a rekindled war in West Asia now loom large as a risk. The big question, however, is whether that leaves Pax Americana, like the Raj of yore, staring at its sunset.
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