Source: Antiwar.com
by David Stockman
“Treasury Secy Scott Bessent clearly endeavors to be the second Pete Hegseth of Trump World, albeit via packing heat in the form of economic missiles rather than the kinetic kind. In fact, however, his ballyhooed Operation Economic Outcast actually amounts to the greatest windmill tilting operations since Don Quixote himself. So let’s cut to the chase right up front. To wit, Bessent’s premise that he can switch-off Iran’s military payroll and bring the regime to its knees by driving its oil exports to zero is wholly delusionary. The former (regime collapse) does not remotely follow from the latter (oil exports at zero), which for all practical purposes has already happened. So herein we endeavor to explain why cutting off Iran’s oil exports isn’t any kind of war-winning silver bullet at all.” (10/07/26)