Prof. Steve Hanke: China Defying Trump, Gulf States Open Iran Backchannel as Qatar Economy Goes Down
Summary
Professor Steve Hankey analyzes the US economic war on Iran, arguing that sanctions have failed to weaken Tehran while causing severe collateral damage to Gulf allies like Qatar. The discussion highlights how the "D-Day" escalation threatens Turkey, Pakistan, and Iraq, and notes that the US has lost strategic leverage as Iran now demands reparations and asset unfreezing. Hankey also examines how US trade policies, including tariffs on Brazil, are backfiring by strengthening rival political figures and accelerating the global shift toward BRICS and alternative financial systems like SPiS.
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