srael, Jewish lobby, Zionism has been nothing short of a catastrophe for the world. From their unconstrained amorality, irrational ambition of imperalism and land expansion, religious fervour for domination above all others beyond their race, has meant truth justice morality has been their greatest victims. Without a countervailing force of morality, previously a role that the Prophet brought forward and successive Islamic Sunni administrations brought as a bulwark against that blatant threat to the world, the Zionists and their allies have created a seemingly irreversible damage to global socieyu throught their subterfuge, deceit, and their gleeful murderous rampage.
The present muslim world has been weakened, their interests in society constrained to their tribal interests of nationhood and economic interests, monarchical lines of power transferred through lineage and protected by the same asymmetric wealth they hold relative to their less fortunate masses. There is no coordination amongst them to work together to achieve aims greater than themselves, and if in need, they instead return to the hegemon who has tied itself to the Zionist cause - hand in glove. The trust in the hegemon is absolute, despite the evidences piling up that there is no daylight between the hegemon and the Zionist interest, and discussions around whose interests reign supreme are irrelevant when their evil heinous actions are unchecked.
And within that context is where Iran retaliating against an unprovoked attack has brought the world to a dangerous precipice. One that the immediate and the mid-term prospects would have massive implications to the rest of the world dependent on energy economics that is being rewritten within the first few weeks of the US-Israel attack on Iran,
The implications are manifold -
(i) fuel prices have risen due to a 70% increase of Brent crude. That increase is unlikely to taper even with release of the US stockpile. Transport costs - across all industries - will see consumer goods at the final transaction going up by the % increase to the % input costs. Hardest hit will be food when there is no alternatives. MY isn’t food independent. Personal alternatives are needed.
(ii) the other real impact will be distribution and stockpiling of fuel itself affected by the restrictions of flow through the Straits of Hormuz. Iran has effectively closed off the flow of exports carried by VLCC from Qatar, UAE, Bahrain, eastern Saudi, Kuwait all carrying vital energy supplies to Asian economies, MY included, When it comes to contestation of available supplies at the spot markets, the ones with the ability to lock-in supplies, manage demand and effectively manage expenditure will have greater ability to navigate through the complexities. Given that immediate prioritisation on energy availability including electricity, expect the other sectors - services such as banking, tourism, and manufacturing of less vital goods - to diminish in importance. Personal sustainability on food and electricity will be needed.
(iii) a redrawn energy geopolitics with US as the winner. ME energy economics will no longer be the same with security concerns being uppermost, and US as the security provider has failed its expected role as protector. The petroyuan replacing petrodollar is a development that will accelerate dedollarisation agenda - but yuan isn’t ready to be the reserve currency. US Treasury too has steadily built up its position in stablecoins, linking the UST exposure to bitcoins is a strategic calculated move. US oil dependence has greatly diminshed as they created strategic reserves from their internal shale gas production, and if there are gaps, they could just steal Venezuela’s reserves. Their LNG infrastructure has been and will be amplified in the short term. The hegemon has traded its loss of soft power prestige through Hollywood and the actions of their Zionist overlords with a hardpower projection of military might, currency domination and energy resource strength.
There is much to do. They cannot be allowed to hold the world - or Palestine, or Iran, or Iraq, and the numerous nations that have had the subterfuge conducted by the US and Zionist miltary-industrial-complex - to ransom again.
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