Results for Tag: Iran
The imbalance of forces between the US and Iran all but assures Washington of military dominance over Iran. Tehran knows this, and the country can hardly want to face an invasion. Plus, the apparent failure of explosives in the two seaborne attacks does not do much for the reputation of the Iranian military. However, both the ramping up of military rhetoric and the spectre of a long-time enemy looming large plays well politically for both the Trump and Rouhani governments.
For Russia, extending its hand to the region might indeed be useful; for Saudi Arabia, the decision appears more pragmatic as its once go-to allies for economic cooperation have been the US and Europe. However, the Saudis have several reasons to no longer trust the West and to seek support elsewhere.
Considering the target and extent of the attack, oil prices have remained relatively stable. There could be well-founded concerns on the horizon, however, given the less than clear messaging on the damage caused to the Saudi facility and its ability to fulfil supply commitments. We could, in fact, see oil prices rise well above the norm while any other hits in oil-producing countries could tip the balance.
Hence, nothing other than direct talks can offer a prospect whereby Iran may overcome its economic woes and the US can reach a more comprehensive agreement with Iran that includes issues not covered in the JCPOA. Although the current standoff between Iran and the US may deteriorate even further, both parties are acutely aware that ultimately, talks are unavoidable even in the aftermath of any escalation that might entail needless destruction and loss of life.