By Serhat Latifoğlu US President Roosevelt and Saudi King Abdulaziz laid the foundations of the petrodollar system on February 14, 1945, during their meeting aboard the USS Quincy. It was based on a very powerful formula: oil and dollars in exchange for security. The US would provide military guarantees to the Gulf countries; in return, oil trade would be done ...
By Mehmet Enes Beşer America has occupied a unique position in the world order for decades now—not only as a superpower but also as a financial and institutional safe haven. In crises, capital seeks refuge in the U.S., its Treasury bonds are deemed risk-free assets, and its political system—dysfunctional at times—is presumed to be undergirded by a foundation of checks, ...
Once again, circumstances require a broader view of international conflicts. It seems reductionist to me to limit the recent events in West Asia to the idea of a bilateral conflict between Israel and Iran. What is happening has implications that go far beyond a simple confrontation between two countries, no matter how brutal the war may be. In reality, what ...