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Posts Tagged ‘Hormuz

Hedging against a new Iran

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Underlying the ramped-up rhetoric, military mobilization, and escalating espionage in Iran is a hidden economic war against Iran’s currency. The implication of this economic war is that the U.S. seeks to avoid military conflict with Iran. In fact, dollarizing Iran—which is what the U.S. is seeking to do with its economic sanctions—would be a hedge against an up-and-coming Iranian oil empire. Israel, unhappy with this prospect, seeks to start a conflict.

Iran’s nuclear program has received a lot of attention in the last few weeks. While this attention may accompany legitimate concerns—and this may be an appropriate time to voice such concerns—careful observers should be uneasy about the apparent convenience of focusing on the “Axis of Evil” at this time. With (1) an Iraq devoid of American police and (2) a stubborn Syrian regime that feels an increasing affinity toward Iran, Iran stands to gain a lot (see my previous post, “Why Syria?”). And if Iran stands to gain, then Saudi Arabia (and its oil hegemony), the United States (and its reliance on Saudi oil hegemony), and Israel (and its mere existence) have a lot to be afraid of.

The headlines of the past few weeks have, of course, demonstrated this fear. But there is one news item in particular that I’d like to point out, just as an example of the absurdity of the rhetoric. For some, it may be déjà vu, though it isn’t being reported that way:

Iran starts enriching uranium to 20 pct – IAEA

In summary: “The International Atomic Energy Agency officially confirmed that Iran has started enriching uranium to the 20-percent level…”

But this same headline can be traced back to at least February of 2010, almost two blissful years ago. Here’s one from May 17th, 2010:

Iran says will continue 20 percent enrichment

Notice the word “continue.” This is nothing new. Credibility is all but lost when old news becomes, when reprinted, a sign of “further escalation” (read: casus belli):

“This is a further escalation of their ongoing violations with regard to their nuclear obligations,” State Department spokeswoman Victoria Nuland told reporters.

Public subterfuge.

Cold War
As ZeroHedge artfully phrases it (here): “The geopolitical foreplay is getting ridiculous. At this point it is quite obvious that virtually everyone involved in the US-Israel-Iran hate triangle is just itching for someone else to pull the trigger.” And reading about the overt espionage, public subterfuge, and military muscle-flexing going on between the US and Iran, it may very well seem that itchy trigger fingers abound.

But while there are, quite clearly, warmongers in our midst, I don’t think it’s quite fair to characterize the standoff between Iran and the United States so simply. That’s because neither side really wants a war. Read the rest of this entry »

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Written by M. James

January 19, 2012 at 2:03 am

Posted in News, Politics

Tagged with , , , , , , , , , , , ,