Tensions in the Persian Gulf are reaching a point of no return. In recent weeks, six oil tankershave been subjected to Israeli sabotage disguised to look like Iranian attacks to induce the United States to take military action against the Islamic Republic. Some days ago Iran rightfully shot out of the sky a US Drone. In Yemen, the Houthis have finally started respondingwith cruise and ballistic missiles to the Saudis’ indiscriminate attacks, causing damage to the Saudi international airport of Abha, as well as blocking, through explosive drones, Saudi oil transportation from east to west through one of the largest pipelines in the world.
As if the political and military situation at this time were not tense and complex enough, the two most important power groups in the United States, the Fed and the military-industrial complex, both face problems that threaten to diminish Washington’s status as a world superpower.
The Fed could find itself defending the role of the US dollar as the world reserve currency during any conflict in the Persian Gulf that would see the cost of oil rise to $300 a barrel, threatening trillions of dollars in derivatives and toppling the global economy.
The military-industrial complex would in turn be involved in a war that it would struggle to contain and even win, destroying the United States’ image of invincibility and inflicting a mortal blow on its ability to project power to the four corners of the world.
Just look at how surprised US officials were about Iran’s capabilities to shot down an advanced US Drone:
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