The world’s press is choc-a-bloc with “if” questions about Iran and war. Will Israel attack? Is Obama, coerced by domestic politics in an election year, being dragged into war by the Israel lobby? Will he lunch the bombers? Is the strategy to force Iran into a corner, methodically demolishing its economy by embargoes and sanctions so that in the end a desperate Iran strikes back.
As with sanctions and covert military onslaughts on Iraq in the run up to 2003, the first point to underline is that the US is waging war on Iran. But well aware of the US public’s aversion to yet another war in the Middle East, the onslaught is an undeclared one.
To further inflame the leadership in Iran we had last week the murder of Iran nuclear scientist Ahmadi Roshan which came on the one-year anniversary of the murder of two other Iranian nuclear scientists by similar methods. As CounterPuncher Peter Lee writes, “It came at a time of heightened tensions (anyway, tensions higher than the usual heightened tensions), inviting the inference that somebody, probably somebody in the region, wants to goad the Iranian government into a response that could start the military action ball rolling.”
As for the embargoes of Iranian oil, Obama is most certainly doing the oil industry a big favor. There have been industry-wide fears of recession-fueled falling demand and collapse of oil prices. That has led to industry-wide enthusiasm (aided by heavy pressure from the majors) for strongly cutting total world oil production (and enjoying the bonuses flowing from the subsequent world price rise), with all the cuts to be taken out of the hide of the Iranians. The Financial Times made clear the need to shrink world production in the following key paragraph in a report last week: “Oil prices have risen above $110 a barrel since Iran threatened to shut down the Strait of Hormuz, the world’s most important oil chokepoint, accounting for about a third of all seaborne traded oil. Oil fell to a low of $99 in October amid global economic growth worries.”
