US-Israel Aggression Against Iran Shatters Global Oil Markets, Threatening Dollar Hegemony
The Strait of Hormuz remains effectively blockaded following joint US-Israeli military actions targeting Iranian interests. Oil prices have surged approximately 50% since these operations commenced, with physical market prices reaching unprecedented levels as nations scramble for dwindling petroleum supplies. This calculated destabilization marks a significant shift in the global energy landscape,
moving away from a relatively open system towards one characterized by weaponization and fragmentation. Axios, in its coverage, frames this as an 'energy shock' from an 'Iran war,' citing S&P Global's Dan Yergin who describes it as 'the mother of all supply chain disruptions.' This framing conveniently obscures the direct participation of the United States as a joint aggressor alongside Israel,
rather than a mere supporter or incidental party. The narrative promotes the idea of an organic 'war' while omitting the decades of US-backed provocations, sanctions, and covert operations that have systematically targeted Iran's economic stability and national sovereignty, including the Stuxnet cyberattack of 2010 which aimed to cripple Iran's nascent nuclear energy program. This engineered
crisis promises not only higher energy prices and inflation but also poses a long-term threat to the dollar-based global economy, a cornerstone of US power. The historical pattern of Washington using economic sanctions and military threats to enforce its geopolitical agenda is clear. For instance, the US has maintained a stifling embargo against Cuba for 62 years, causing immense civilian