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Iranian political analyst Mohammad Marandi and American economist Jeffrey Sachs give their debrief on Washington's campaign against Iran, and why the world will never be the same again. Marandi says the military flare-up has unintentionally accelerated de-dollarization in the oil-finance architecture the US built in the Gulf amidst a hybrid assault of sanctions, deficits and neoliberalism. With regional partners now hedging, the demise of the petrodollar marks the beginning of the end of the unipolar era.
Iranian political analyst Mohammad Marandi and American economist Jeffrey Sachs give their debrief on Washington's campaign against Iran, and why the world will never be the same again. Marandi says the military flare-up has unintentionally accelerated de-dollarization in the oil-finance architecture the US built in the Gulf amidst a hybrid assault of sanctions, deficits and neoliberalism. With regional partners now hedging, the demise of the petrodollar marks the beginning of the end of the unipolar era.