Richard Wolff & Michael Hudson: How Trump’s Iran Blockade Turned Into Total Humiliation
Experts analyze US-Iran tensions: The Hormuz blockade targeting Iranian oil exports faces challenges as Tehran routes crude via Russia-China. US strategy described as lacking coherence; Iran's missile/drone capabilities exceeded expectations. Secondary sanctions on global oil buyers risk widespread economic fallout. With US munitions low and manufacturing declining, confrontation could trigger global crisis through oil price spikes and supply disruptions. Drawing 1956 Suez Crisis parallels, commentators warn unilateral US actions may accelerate American decline while strengthening…
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