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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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