Believe or not, Iran is proving to be another one of those weird countries that prefers cash and trade to bullets, bombs, and sanctions, and once again the US finds itself losing out to China. From Martin Jay at strategic-culture.org:
A new world in the East is amalgamating as a direct result of American’s delusional views about where it thinks it is in the world, Martin Jay writes.
China has just announced that it will invest 400 bn dollars in Iran over a period of 25 years in exchange for a great deal on Iran’s oil – in the latest move of absolute defiance against the U.S. and its secondary sanctions. Where’s this all heading?
400 bn dollars is a considerable amount of money to invest in Iran, which, since Donald Trump pulled the U.S. out of the JCPOA (otherwise called the ‘Iran Deal’) we can certainly say is a poor country. In exchange, China gets rock bottom prices on oil, while both sides enjoy the double-whammy of sending a vociferous message to Washington: your days are up as a super power who can bully countries with sanctions.
The deal was really the last thing that Joe Biden needed in barely his six month in office, where he has been weak on Russia and China and arguably pathetic in the Middle East when it comes to delivering on the ‘America is back’ rhetoric. ‘America is back’ to what, we might all wonder, given that Iran is commissioning drone strikes against U.S. forces, Afghanistan is rapidly heading towards a Taliban takeover and the Iran talks in Vienna have more or less ended with a draft of what the Guardian euphemistically calls a ‘roadmap’.