Tag: Strait of Hormuz
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Trump’s “Next Conquest”: If the War Moves On, the Battlefield May Be Financial
President Trump used a phrase this week that hit markets, diplomats, and political observers like a flare in the night: America’s military, he said, was “loading up and resting, looking forward … to its next conquest.” He made the remark while warning that U.S. ships, aircraft, and military personnel would remain in and around Iran…
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Hormuz, $39 Trillion, and the Gold Question: Is the Petrodollar Cracking?
For half a century, the petrodollar arrangement looked less like a policy choice than a law of nature. Oil was priced in dollars, Gulf exporters recycled surpluses into U.S. assets, Washington provided the security umbrella, and the dollar’s global role fed on itself. The Iran war has reopened a question markets have tried to avoid…