The latest US effort to subdue Iran—an “economic D-Day” intended to cut off the Islamic Republic from the world economy—can’t succeed without the support of the country’s biggest trade partner. The only stable solution to the impasse in the Gulf is one that involves China and increases economic integration in the region.
WASHINGTON, DC/BERKELEY—Last week, US Treasury Secretary Scott Bessent launched an “economic D-Day” program, intended to cut Iran off from all trading partners. So far, this intensified economic blockade has only contributed to an escalation of the US-Iran war, rather than moving it toward a conclusion.
