Middle East

Created
Thu, 16/04/2026 - 19:26

ATHENS – When Egypt closed the Suez Canal for five months in 1956, it triggered events that shrunk the global standing of Britain’s pound sterling, inaugurated the petrodollar age, and demonstrated how a small country can inflict serious damage upon the economic power that had subjugated it decades earlier. Some argue that the United States […]

The post Is the Iran War America’s Suez or Its Gallipoli? appeared first on Yanis Varoufakis.

Created
Thu, 12/03/2026 - 18:04
Yes, the Americans and Israelis are inflicting a lot of damage. But that damage does not appear to be degrading the military enough to really matter. It’s mostly hitting civilians. There is zero possibility of stopping Shahed drone production, they are made with fiberglass bodies, there are hundreds if not thousands of facilities which can […]