As Oil Prices Rise, BRICS Leaders Have What U.S. Doesn’t: Iran at the Table - The New York Times
As Oil Prices Rise, BRICS Leaders Have What U.S. Doesn’t: Iran at the Table - The New York Times
Source: The New York Times
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DW NOTE
Iran closed the Strait two months ago and the US can't get them to reopen it. BRICS can — because Iran is at their table, not Washington's. That's not a diplomatic advantage, that's a structural realignment. When your adversaries control the chokepoint and your allies can't deliver leverage, the reserve currency starts looking like a very expensive liability.