Aletho News

Iran’s ‘threat’ to Western hegemony is not nuclear weapons

By Samuel Geddes | Al Mayadeen | May 9, 2026

US Secretary of State Rubio on Wednesday declared “Operation Epic Fury” concluded, the clearest indication so far that the US is writhing in the economic trap it sprung on itself. Being in a state of institutional paralysis, unable to accept the costs of ending the war while unable to tolerate its continuation, the Trump administration is attempting to find an equilibrium that allows hostilities to cease, while keeping as much as possible of its “maximum pressure” on Iran’s economy.

In precisely this vein, US Treasury Secretary Scott Bessent in recent days has been unable to conceal his glee at the economic privation imposed on the Iranian people by his policies, attributing both the Riyal’s late 2025 collapse and the impending effects of the naval blockade on its oil production to “[Operation] Economic Fury.”

Since the inception of the Islamic Republic 47 years ago, the United States has weaponized its dominance in the global economy to impose one of the most comprehensive sanctions regimes ever implemented.

With each successive layer of economic siege deployed against the Iranians, US administrations and their surrogate regimes across the collective west, along with their propagandists in the media, painted this undeclared war as solely targeting “the regime.” The Iranian people themselves, they would have us believe, were never the intended targets.

This was, of course, only ever a rhetorical sleight of hand. The sanctions were “targeted” at the “regime” only in the sense that they were intended to make everyday life so unbearable that the Iranian public would blame their own leadership and overthrow it. The exact reason why they would primarily blame their own government, rather than Washington, London, Berlin and so-on, has never been rationalized. It is simply the economic strangulation of Gaza and Cuba that has been scaled up to the macro-level. Collective punishment of the entire population is the point, either to induce domestic rebellion, or to discipline them for not carrying out Western policy goals.

With the restarting of active war from February 28, Washington has reverted to implementing this strategy by its most direct means. Instead of choking off medicines to the health system, it simply bombed the health system itself, from critical national hospitals to the Pasteur Institute that produced domestic vaccines against the Covid pandemic. Instead of blacklisting Iranian students from foreign institutions, it bombs the Iranian universities that have been the engines of the nation’s indigenous industries, civilian, industrial and military since the siege began in 1980. Beyond merely sanctioning Iran’s industrial output, it is now robbing it of its revenues by attacking the steel plants of Isfahan and Ahvaz and the Asalouyeh petrochemical complexes.

The logical framing of these targets is that they are aimed at degrading Iran’s capacity to manufacture missiles, drones and its still non-existent nuclear weapons. By this reasoning, literally every economic sector, every potential source of revenue for the Iranian state is a target. It lays bare the true motivation not only behind the current war, but also behind the entire campaign of economic, political, and diplomatic coercion that the West has thrown at the country since its Revolution. It is not simply that Iranian nuclear program is unacceptable to Washington, London, Berlin, Paris and Tel Aviv, it is mainly the existence of an Iranian steel industry, pharmaceutical sector, ship-building capacity and space program. The very existence of an entrenched, self-sufficient and technologically progressing economy outside of the Western-dominated world system constitutes, by its nature, a systemic threat that cannot be tolerated. It must either be economically absorbed and dismantled from within or militarily destroyed.

It is a fear of the vastly enhanced economic and technological weight of an Iran unburdened by secondary sanctions, reaping tens of billions of dollars in taxes on traffic through the Strait of Hormuz, and fundamentally restructuring the security and economic architecture of the Gulf, that explains the Trump administration’s unwillingness to end the state of war, even as it pushes the global economy deeper into existential crisis every day.

Tehran’s incentive, and its ability to demand, maximal concessions to accept an end to war however will not decline over time, it will increase inversely to the US tolerance for economic pain. Thus, Washington is at some point going to make at least one existentially humiliating concession to extricate itself from the crisis it created. It might agree to suspend all secondary sanctions against the Islamic Republic, or accept Tehran’s demonstrated capacity to tax traffic through Hormuz or permanently evacuate its bases in the region. It might even do all of these.

The blockade might plausibly remain as a face-saving fiction- the US navy clearly dares not intercept Iranian shipments heading to China. Over time, alternate land and sea corridors will compensate for the disruption to Iranian shipping.

When Washington eventually does cave it will have achieved the exact opposite of its intentions in launching its aggression: a vastly more economically empowered Islamic Republic with the throat of the world economy in its hand.

Trump’s choices are limited to accepting a far more economically powerful Iran now or accepting it later after a catastrophic resumption of hostilities. Maybe then, he will have learned precisely why none of his predecessors acted as he has.

May 9, 2026 - Posted by aletho | Economics | Iran, Middle East, Sanctions against Iran, Zionism