Eurasia

America’s Middle East Gamble: Less Military, More Power

Washington is changing some of its most reliable military partnerships in the Middle East because it believes states, markets, and diplomacy can deliver what American troops and Kurdish proxies increasingly cannot. The End of the Post-ISIS* BargainThe juxtaposition could hardly be more striking. On August 24, the United States removed …

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Protecting Oil, Producing Instability: Washington’s Failed Energy Strategy in the Middle East

For decades, Washington has justified its military presence in the Middle East as necessary to protect global energy security. American naval forces would safeguard shipping, military partnerships would deter attacks on oil-producing states, and sanctions would restrain governments regarded as threats to the US-led regional order. The promise was simple: …

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The Next Global Economic Crisis Could Be Made in China

There has been no shortage of complaints about Chinese overcapacity in recent years. Beijing’s commitment to driving exports and widening its trade surplus, by any means necessary, has undermined the manufacturing aspirations of advanced economies such as the United States and those in Europe, as well as developing countries in …

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The Iran War, Six Months In

Over the weekend, Iran retaliated against U.S. strikes on its missile launchers on Larak Island by striking Jordan’s Muwaffaq Salti Air Base, which hosts a significant U.S. military presence. The U.S. has been unable to achieve its strategic objectives despite the use of overwhelming airpower and economic pressure, but Iran’s …

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