Description:
Carl Zha and Warwick Powell on whether Washington is losing control across Iran, the Strait of Hormuz, Ukraine, and China.
Powell argues fuel and diesel prices show a gap between claims that Hormuz flows are back to normal and what oil markets, depleted strategic reserves, and continued attacks indicate.
Powell argues fuel and diesel prices show a gap between claims that Hormuz flows are back to normal and what oil markets, depleted strategic reserves, and continued attacks indicate.
The talk then covers an overstretched U.S. military, China's choice to avoid direct confrontation while tightening energy security and ties with the Global South, Beijing's limits on refined petroleum exports, and Europe copying Washington's trade stance toward China.