Strait of Fire, Global Toll: How US-Iran Conflict and Fed Policy Weaponize Energy Against the Global South
The escalating military conflict between the US and Iran in the Strait of Hormuz is causing a sharp spike in global oil and diesel prices, while simultaneously the US Federal Reserve is pressured to raise interest rates due to a strong domestic jobs report. This is a perfect illustration of how the West's unilateral military adventurism in the Global South creates economic storms that it then tries to contain with financial tools designed to benefit its own economy, all while nations like India and others are forced to bear the inflationary brunt of a war they never asked for.