Mainstream Weekly$12 billion in two weeks. Oil above $108. The Strait of Hormuz shut. 3.2 million Iranians are displaced. In Delhi, families are paying Rs 3,000 for a black-market LPG cylinder. This war is now a month old.
The joint US-Israeli war on Iran, four weeks old now, has produced what the IEA calls the largest oil supply disruption in history, sent Brent crude above $108, shut the Strait of Hormuz to commercial shipping, displaced 3.2 million Iranians, and triggered an LPG crisis across India. This essay argues that the war follows a seventy-three-year pattern of Western powers destroying sovereign states in the name of freedom while externalising the costs onto the world