To the contrary, the unhinged madman domiciled in the all powerful Oval Office has the region and the US and global economy on the edge of catastrophic upheaval based on an utterly untruthful narrative about 1,050 American deaths during the last 47 years that were far exceeded by the ordinary course accidents and hazards of daily life in America during that same period, such as fatalities from: Nevertheless, no oil tankers were actually sunk and while war risk premiums rose considerably from 0.3% of hull value before the Tanker War to 2% to 3% at times during the next three years, the so called tanker war did materially impair the average volume of about 10 million barrels per day flowing through the Strait of Hormuz or impact the world oil price adversely. To the question what was ever at stake with respect to the only valid reason for attacking any foreign nation, which is an actual or imminent attack on the homeland territory of the USA, the answer was absolutely nothing from the time of the hostage crisis at the US embassy in Tehran, to the tilt to Iraq when the 1980s war broke out with its neighbor, to the US Marines deployment to Beirut, to the Persian Gulf Tanker War, to the hideous act of shooting-down a civilian airliner that was foolishly mistaken for a war plane that does not remotely resemble the Airbus A300 of Flight 655.
Author: David Stockman
Published at: 2026-03-18 23:10:17
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