"The war of aggression by the U.S. and Israel is part of a continued attempt to wipe out any and all opposition to their dominance over the Middle East and its strategic energy reserves."
"Iran blockaded the Strait of Hormuz, disrupting the production and shipment not only of fossil fuels but also an array of other commodities vital to global capitalism."
"As a result, the world stands at the precipice of a multidimensional economic crisis."
The U.S. and Israel expanded their military actions against Gaza to include Iran and Lebanon, resulting in a ceasefire on April 7 after significant conflict. Iran's response included missile attacks and a blockade of the Strait of Hormuz, disrupting global commodity shipments and causing economic turmoil. Despite a ceasefire, tensions remain high as Israel has violated the agreement, and Iran has re-closed the Strait. The situation threatens to escalate into a broader economic crisis affecting both the Global North and South.
Read at Truthout
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