The fundamental question is whether Europe can survive the energy crisis without permanently losing its industrial base and its position in the international economic system.
The potential collapse of negotiations and the resumption of war would entail the continuation and perhaps the worsening of a global-scale catastrophe.
For the moment, there is still time for distracting the media with utterly stupid statements that portray America as a winner in the war.
Trump today seems torn between the prospect of ‘heavy’ military escalation and an extended Hormuz blockade.
The story of the Sumud Flotilla highlights how the management of international waters in the Mediterranean is a realm of unstable conflict.
After OPEC and OPEC+, the UAE may leave the Arab League and even the GCC.
The real problem is that no outcomes paint Trump as a smart operator.
The Mad Man Theory has not failed; it has evolved, and the stage on which it operates is no longer the UN Security Council but the Bloomberg terminal in every trading room in the world.
