The bonkers thing is: if you wanted to attack Iran, as the US, you’d need to be willing to cut ties to the GCC.
That means investing in renewables, having close petrodollar allies outside of the GCC, having a way to stabilize USD without the petrodollar (global free trade with big trade deficits is an easy way), and keeping energy demand fairly predictable.
Instead we got: repealing investments in renewables, pissing off every single Western power, tariffs, and spiking energy demands due to reckless data center build-outs.
The bonkers thing is: if you wanted to attack Iran, as the US, you’d need to be willing to cut ties to the GCC.
That means investing in renewables, having close petrodollar allies outside of the GCC, having a way to stabilize USD without the petrodollar (global free trade with big trade deficits is an easy way), and keeping energy demand fairly predictable.
Instead we got: repealing investments in renewables, pissing off every single Western power, tariffs, and spiking energy demands due to reckless data center build-outs.
Yeah, Trump behaves as if the national interest of the United States is not his top priority.
Ironically the exchange rate between the Euro and USD has improved in favor of the dollar after the war began.
My guess is issues in the strait leads to more American fossil fuels being purchased by Europe, strengthening the dollar.