For years, U.S. strategy has relied on the assumption that sanctions, economic pressure, and military force would weaken adversaries and trigger internal collapse. But as economist Michael Hudson has argued, that logic misunderstands how nations respond under existential threat. “This war will decide whether the U.S. controls the global oil trade — or whether the world becomes independent of it,” Hudson said, framing the conflict as a turning point in the global economic order.
The post Global Energy Shock: Iran Turns Hormuz Into A Toll Gate Challenging Petrodollar appeared first on MintPress News.
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