The “Stability-Instability Paradox” Comes for Markets

Source: Foreign Policy
by Emma Ashford & Matthew Rojansky

“The impasse in U.S. President Donald Trump’s war against Iran has now lasted for so long that even jokes about Groundhog Day have grown stale. Recent months have seen rounds of punishing airstrikes, followed by announcements that peace talks are resuming. None of this has moved the needle. Now the administration has returned to another dated strategy: maximum economic pressure, or as U.S. Treasury Secretary Scott Bessent has put it, an ‘economic D-Day’ against which Iran cannot hope to stand. The administration seems to believe time is on its side, and that the ongoing blockade and sanctions on Iran’s trading partners will succeed where bombing has not. But this is a dangerous game.” (08/27/26)

https://archive.is/ZVHPE