US diplomacy lost traction in Middle East. Isolating Iran no longer possible.

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[–]BlackhaloPurity Pony: Pусский бот 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Sleepwalking Our Way Into World War Three

With this weaponization of the dollar, I think we've overplayed our hand. Weaponizing the dollar with sanctions. You're now seeing a lot of countries de-dollar their transactions because we've sort of forced it. This goes beyond Russia, China, and Iran because countries like Brazil or India still want to transact with Russia and they can't do it with dollars, so we've forced them to de-dollarize their transactions, thus weakening the strength of the dollar in the world.

[–]penelopepnortneyBecome ungovernable 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Excerpt:

That said, while the US still has unrivalled power in the Middle East, its influence has diminished, as new realities emerged:

  • Israel has grown more powerful militarily and economically vis-a-vis Palestinians, but no longer enjoys regional dominance.

  • Saudi Arabia and the UAE, two dominant powers in the Middle East, are increasingly asserting their own interests.

  • China, although a relatively new player, is no longer confining itself to economic diplomacy.

  • US has lost the capacity to leverage the world oil market, as Russia works closely with Saudi Arabia within the ambit of OPEC+ to calibrate oil production level and prices.

  • Consequently, petrodollar is weakening.

  • The Abraham Accords have been shelved practically.

  • The Arab-Israeli conflict has assumed new dimensions in the recent years, thanks to the ascendance of the axis of resistance, which require new postures and operational thinking on the part of the US.

  • Israeli politics has swung sharply to extreme right.

  • The global environment is highly complicated; the peace process can no longer be under US mentorship. On Thursday, Russia hosted a trilateral meeting in Moscow with Iran’s deputy foreign minister and a Hamas delegation. Later, Russian Deputy Foreign Minister Mikhail Bogdanov, who is also Special Presidential Envoy for the Middle East and Africa, announced that Palestinian leader Mahmoud Abbas “will soon arrive on an official visit” to Moscow for talks with Russian President Vladimir Putin.