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(en) Italy, UCADI, #208 - Middle East: Possible Scenarios (ca, de, it, pt, tr)[machine translation]
Date
Wed, 24 Jun 2026 08:08:32 +0300
The Israeli-American attack on Iran has disrupted the political
landscape of the Middle East, producing a structural economic crisis in
the region and laying the foundations for the expulsion of the US
imperial presence. In addition to destabilizing the global economy, due
to the centrality of production located in the Persian Gulf, the ongoing
conflict entails a strategic reorganization influenced by complex and
not entirely known factors, which must be carefully considered to
envision possible outcomes for the crisis.
By attacking the Islamic Republic of Iran, the United States responded
to general geopolitical strategic needs, linked to gaining control of
world trade, oil, and gas. This is necessary to continue anchoring its
currency to these commodities, given that the petrodollar is currently
the sick man of the global economy. Indeed, with the collapse of their
currency's convertibility in the 1970s, the peg to oil and gas
strengthened the US economy, allowing the US to profit from trade and
live beyond its means, even as it increasingly reduced its productive
base and increased imports.
The crisis was caused by the growing tendency among the BRICS countries,
and not only among them, to pay for oil and gas supplies in currencies
other than the dollar, often their national currencies. The value of
dollar-denominated trade declined, losing approximately 12% against the
euro in 2025 and continuing to show weakness in early 2026 (losing over
13% in January 2026 compared to January 2025). The consequence was that
the dollar's share of global foreign exchange reserves fell to 58%
(first quarter of 2025), reaching its lowest levels in twenty years,
with central banks diversifying into gold and the yuan and selling US
government bonds, which had previously been used as reserve currency.[1]
In an effort to achieve their goal, the United States induced its
vassals in the Middle East to join them in a war of aggression against
Iran, which these states viewed as a regional competitor to be
eliminated. The strategic project, unifying from an economic standpoint,
consisted of the so-called "Abraham Pacts," which supported the
construction of the so-called "Cotton Road," conceived as an alternative
to the Silk Road. This route was supposed to unite India and Pakistan,
pass through the Persian Gulf and Saudi Arabia, and, with the
involvement of Israel, have its terminal in the port of Haifa, serving
as a hub on the Mediterranean and providing access to the European market.
https://www.ucadi.org/2026/05/23/medio-oriente-i-possibili-scenari/
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