US Pursues Geoeconomic Dominance through Economic Warfare and Monopolies
The United States is pursuing a long-planned strategy to revive its geoeconomic dominance by leveraging economic warfare and military interventions. This plan, outlined by Secretary of the Treasury Scott Besant and echoed by President Trump, aims to shift the burden of military spending from the US to its allies in West Asia.
Trump has repeatedly expressed his desire for OPEC countries to pay for America's military costs in the region. He has cited the example of Iran, which plans to impose tolls on traffic through the Strait of Hormuz that could yield $40 billion annually.
However, Trump's initial proposal to charge tolls through the Strait was met with skepticism by his own officials, who cautioned against violating international law. Instead, the US and OPEC have reached a new agreement under which the Arab countries will invest in the United States, mirroring the 1975 petrodollar agreement.
This strategy is part of a broader effort to transform the US into a rentier economy, relying on monopolies and control over key sectors such as oil. The US aims to make itself the beneficiary of rising oil prices, particularly through the exportation of liquefied natural gas.