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[quote=Anonymous]“Analysis: Trump’s war in Iran exposes US’s shift from a global guardian to an arbiter of chaos
Eduardo Porter
To shield ordinary Indians from the war in Iran, the government in Delhi redirected supplies of liquefied gas to Indian families, for which it is the main cooking fuel, limiting supplies to the plastics industry. The Nepalese government rationed gas and the Philippines trimmed the government workweek to four days. Bangladesh closed universities and rationed fuel.

They have been hardest hit by Iran’s closure of the strait of Hormuz. About 80% of oil and oil products transiting through the strait in 2025 was destined for Asia, according to the International Energy Agency. But traffic through its waters has collapsed by 90%.

Europe is less reliant on fuel from the Middle East. But it is intensely dependent on imported oil and, critically, natural gas, whose price has surged since US and Israeli bombardments began in Iran.

So far, the advanced economy that has shown most resilience as war in the Middle East wreaks havoc in energy markets is that of the United States. The S&P 500 index has lost a relatively modest 5% since the beginning of Trump’s war. And that reveals a lot about where we are going.

The data speaks to the relative resilience of the US economy and, especially, its abundance of domestic natural gas, which satisfies about 36% of its energy needs and insulates it to a significant degree from the vagaries of international prices.

But it adds an uncomfortable chapter to the main narrative of the world economy. It is a story in which the United States – once a guardian of a rules-based global order – dons the role of its nemesis, recklessly spreading havoc among friends and foes while suffering relatively little harm of its own.

You can read Eduardo Porter’s analysis here:

Trump’s war in Iran exposes US’s shift from a global guardian to an arbiter of chaos.”[/quote]

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