"The US-led confrontation with Iran has reached a dangerous turning point. With the likely failure of next week’s talks, the US and its allies are poised to recklessly escalate tensions through the imposition of crippling economic sanctions and, if they fail to bring Tehran to its knees, the launching of a catastrophic new war."
"Rhetorical questions aside, we hope our readers stocked up on gasoline. Because things are about to get uglier. And by that we mean more expensive. But courtesy of hedonic adjustments, more expensive means cheaper, at least to the US government."
"These comments reflect fears in sections of the European ruling classes that a conflict would not be limited to air strikes on Iranian nuclear facilities, but would escalate to embroil the Middle East and potentially other powers such as Russia and China. But that is exactly the path being recklessly pursued by the Obama administration as it seeks to advance its economic and strategic ambitions in the energy-rich region."
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