In threatening to launch significant new economic sanctions against Iran and the countries that enable its economy, Donald Trump is focused on America’s November midterm elections.His objectives are not geostrategic, but electoral: to avoid blame if Republicans lose control of one or both houses of Congress on November 3. Forestalling that prospect requires exerting all possible downward pressure on global oil prices.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Trump’s economic D-Day is an electoral tactic, not an Iran solution
The president’s transactional approach may drive down oil prices, but without a strategy for China or regime change in Tehran, it just delays the inevitable reckoning.
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