(This is a reprint from NewsBred).
I am not a stockbroker but if I was I would bet big against Donald Trump unleashing a war against Iran.
I mean he heads a country which needed half a million of its servicemen to tame a small Kuwait and prepared six months to arrange for its logistics. How would do you do against a large territory like Iran?
His country United States can’t fight two medium-sized wars and can it really afford to free up Far East and China who would strangulate Taiwan the moment it’s off-radar?
And please don’t give me this Nuclear-muscle nonsense. It works best before you use it. You can nuke a Hiroshima or Nagasaki but you can’t nuke the whole of Iran.
It’s also as if Trump doesn’t know that Pentagon would give a damn to his command for war. US can only declare war if its army wants so—as was the case with Vietnam and Iraq. The military generals of the US have already rejected the notion of abiding with the President’s order for an illegal war.
We know the US, the adolescent that it is of only 200-odd years, makes some silly mistakes (Remember the hostage crisis of the 70s: Jimmy Carter’s helicopters couldn’t fly over Iran at a low height because its filters got clogged with sand). But a war with Iran would be worth an Oscar of the Absurd.
For one, if you don’t allow oil out of Iran to the world; Iran would stop any oil to go out of the Middle East (see picture). Shias are everywhere: 60% of Iraq is Shia; 80% of Bahrain is Shia; the majority in Kuwait is Shia; the oil in Saudi Arabia is controlled by Shia. Iran would damage tankers and make sure the blame doesn’t come its’ way. In the last one month itself, four tankers anchored near Fujairah in UAE were damaged. Two tankers with petrochemical products were attacked in Gulf of Oman this week. No traces were left. It would become a routine. Saudi refineries could go up in smoke. Iran has strategic partners in Syria, Iraq, Lebanon, Yemen and even Afghanistan.
We also know that the US’ Iran policy is based on a single agenda: Change of Islamic revolutionary regime in Iran. This agenda is unfulfilled even after 40 years. This is a country which unlike a France or England could survive on half a bread. Threat of a war, doesn’t open up the factional feuds in the country. Instead it draws them together—as Western-oriented parties and hardliners are hugging each other at the moment.
It’s also as if the US doesn’t know that its’ tough stance would probably make Iran a nuclear-powered regime in six months. Iran announced on June 17 that it would start withdrawing from compliance with the 2015 nuclear agreement. But if the US pulls out of the deal unilaterally and the other signatories of the pact—China, Russia, France, Britain and Germany—hold their silence, what options Iran is really left with but to press on the raw nerve which inked the pact in the first place?
In this week itself, Iran would exceed the limit on enriched uranium which the 2015 deal had stipulated—only 300kg of uranium hexafluoride enriched to 3.67 per cent, or it’s equivalent, for 15 years. If Iran adds a few thousand extras of centrifuges, it would reduce the time Iran needs to arm itself with a nuclear weapon.
And how do you think Iran’s opponents would face up to the Persians? Saudi Arabia is so pathetic it can’t even bring tiny Yemen to submission. They can’t do anything to Houthi. A war would only make Turkey stronger. Iran is already being wooed by Russia and China. A common bank is being set up by Syria, Iraq and Iran to facilitate trade between these countries.
If anything a war would break up the United States. By mid-2020, oil prices would hit the roof. Insurance premiums on tankers would be prohibitive. Consumer prices of oil products would multiply. If oil prices exceed $100 per barrel, it would hit China, Europe and the US. If the oil prices are doubled, the US would be in ruins. It is the biggest consumer of electric power. It doesn’t matter where it gets its energy from, be it Texas, Siberia or Saudi Arabia: if it’s 150% per barrel, US is destroyed.
Then why the hell is the US tightening its screws on Iran? And Donald Trump is increasingly sounding like John Wayne with holster unbuckled?
The short and sweet answer is: Trump wants to stoke up fears in the Middle East so that it could sell its military hardware to Iran’s opponents and fatten up its GDP. It never wanted a war, it never would. If the US wanted a war, it wouldn’t be looking the other way as Iran continues to sell 300 million cubic feet of gas to Iraq. Iran’s sale of oil in the region could go up to two million barrels of oil daily.
The trouble is, Iran knows the game and is upping the ante: It has given an ultimatum to remaining signatories of the 2015 Pact either fall in line by July 7 and help preserve the nuclear deal or face the music. It’s a classic case of the hunter becoming the hunted. Trump has climbed up a tree but doesn’t know how to get down.
Fun, I say.