Paul Saunders Writes on Economic Implications of the Iran War

In his contribution to the Stimson Center‘s “Reimagining US Grand Strategy” series, Center for the National Interest President Paul Saunders argues that America’s reflexive focus on gasoline prices badly understates what’s at stake in the Persian Gulf. He takes measure of the global energy system, and warns that an indefinite “no-war, no-peace” standoff with a closed Strait of Hormuz could begin to break it. From the fertilizer that feeds the world to the steel, cement, ammonia, and plastics underpinning modern civilization, the consequences reach far beyond the gas pump, and they fall hardest on America’s closest allies.

Read Saunders’s full piece, alongside contributions from other leading experts, in What Does the Iran War Mean for the Global Economy?