Trump’s Latest Oil Blockade Brings Bigger Economic Risks
Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
President Trump and his aides have made contradictory statements on whether the United States and Israel have transformed the Iranian government through violence.
Despite his tough talk, President Trump has consistently made allowances for countries he sees as powerful or dominant.
America’s vast economic powers are able to wear down an adversary’s economy but are insufficient to topple leaders on their own.
A surge in sensors and cameras, combined with artificial intelligence, has transformed U.S. intelligence’s ability to locate foreign heads of state. Add to that an American president willing to capture or kill them.
Even as the president considers an attack, his State of the Union address offered little more than a brief repetition of vague talking points from recent days.
President Trump has left himself plenty of room for maximal intervention. But there are a host of potential wild cards, each with risks for the president.
The secretary of state said that a military “quarantine” on some oil exports would stay in place to put pressure on the country’s acting leadership.
Secretary of State Marco Rubio said the Trump administration would work with Venezuela’s acting leader, Delcy Rodríguez, a Maduro ally, to get foreign investment into the oil industry.