A conflict with Iran will not be one-sided. For one, Russia under Mr
Vladimir Putin, aligned with China and Iran, with silent approval from
nations like India and Germany that seek energy security by peaceful
means, may resist US-led Western hegemony more forcefully. Both Moscow
and Beijing feel remorse at permitting the shoddy politics in the UN and
handing over Libya and Muammar Gaddafi to the oil-hungry Nato powers.
Already
amidst escalating uncertainties, China, Russia, Iran, India, Brazil,
Venezuela and other countries have moved to do bilateral trade in their
own currencies and avoid using the dollar as the reserve currency.
Once
he becomes Russia’s President, Mr Putin is likely to resist the US on
Iran and also address the issue of Nato’s encirclement of Russia with
ballistic missile installations.
Should a Third World War break
out, it would differ from the First and Second World Wars where rival
colonial factions fought for hegemony. This time, the winners of the two
Wars are on the rampage; they have lost the propaganda war as their
naked greed has been exposed in the public arena and their opponents are
not colonial raiders.
As America escalates tension with
Iran, the world should stand by Tehran and the UN must cease to behave
like the handmaiden of the West.
The Government of India has
moved with commendable alacrity to clarify that it has not asked oil
firms to reduce crude imports from Tehran. Iran remains this country’s
second largest crude oil supplier despite India twice voting that the
International Atomic Energy Commission refer Iran’s nuclear issue to the
US Security Council in February 2006 and November 2009. Both times
India could have abstained; the mindless quest for a strategic
partnership with America nearly compromised our national interest.
The
need for caution has doubled. As Washington, DC escalates tension with
Tehran, US Defence Secretary Leon Panetta admitted on CBS’s Face the
Nation programme on January 8 that despite the rhetoric, America is
aware that Iran is not developing nuclear weapons but is only pursuing
“a nuclear capability”.
Yet the Obama Administration last
December enacted a law under which the US can impose sanctions on any
financial institution dealing with Iran’s central bank, its main
clearing house for oil payments. This could jeopardise India’s oil
payment system which is currently routed through Turkey’s Halkbank; a
delegation to Tehran is expected to take up the matter.
The
Washington-Tehran face-off is causing unease in world capitals as the
Iranian resistance is likely to be superior to what America and its
allies faced in Iraq, Libya, and Afghanistan. In all these theatres, the
Western allies bludgeoned the states with brute military force, but had
no strategy to hold the ground thereafter. Hence America ran from Iraq
and is trying to quit Afghanistan; the Libya story has yet to unfold.
A
conflict with Iran will not be one-sided. For one, Russia under Mr
Vladimir Putin, aligned with China and Iran, with silent approval from
nations like India and Germany that seek energy security by peaceful
means, may resist US-led Western hegemony more forcefully. Both Moscow
and Beijing feel remorse at permitting the shoddy politics in the UN and
handing over Libya and Muammar Gaddafi to the oil-hungry Nato powers.
Already
amidst escalating uncertainties, China, Russia, Iran, India, Brazil,
Venezuela and other countries have moved to do bilateral trade in their
own currencies and avoid using the dollar as the reserve currency.
Indeed, Saddam Hussein’s decision not to sell oil in dollars and Muammar
Gaddafi’s quest for the Arab gold dinar led to their deaths and the
ruination of their countries. Now Iran’s President Mahmoud Ahmadinejad
also seeks an alternate currency to the dollar, causing Washington to
strive towards a showdown with Tehran.
Nevertheless, the US will
have to come to terms with the fact that its currency — once the world’s
reserve currency — is losing traction in international trade. China and
Japan now trade in bilateral currencies and Russia is making similar
deals with major trading partners. In fact, one reason why the US
attacked the Euro in 2009 was to nix its emergence as the new
international reserve currency. But this has failed to restore the
dollar’s hegemony.
Once he becomes Russia’s President, Mr Putin
is likely to resist the US on Iran and also address the issue of Nato’s
encirclement of Russia with ballistic missile installations. He will
almost certainly intensify energy politics via pipeline diplomacy with
Nato members such as Germany, France and Italy to woo them away from the
US.
That leaves America with only formidable military power,
which is not enough without commensurate economic might. The US could
fund the fighting in Iraq, Afghanistan, Syria, Libya and other places
because China and other trade surplus nations invested in America’s
treasury debt. They will now shift, cutting the US adrift at a time when
it needs to throttle the emerging Russia-China-Iran axis.
The
core issue is that as the need for energy security increases the mutual
interdependence of countries, the US seeks monopolistic control over the
raw materials of others. Confrontation and conflict are built into this
19th century style buccaneering ideal; as a result, war clouds loom
over Iran.
We now have two contending worldviews. One buys what
it desires by negotiating the price; the other grabs (or tries to) what
it desires regardless of the price it (and others) may have to pay.
Should a Third World War break out, it would differ from the First and
Second World Wars where rival colonial factions fought for hegemony.
This time, the winners of the two Wars are on the rampage; they have
lost the propaganda war as their naked greed has been exposed in the
public arena and their opponents are not colonial raiders.
The
Strait of Hormuz that links the Persian Gulf with the Indian Ocean has
emerged as the axis mundi of international politics. Twenty per cent of
the world’s daily energy supply (17 million barrels of oil) passes
through this waterway which is the sole maritime link between
oil-producing Iran, Iraq, Kuwait, Qatar, Saudi Arabia, the UAE and the
rest of the world. Last month, Tehran threatened to block the strait in
anger at Washington’s new sanctions against Iranian oil exports. A
lengthy closure could cause a 50 per cent spurt in oil prices and wreck
the global economy.
Attitudes have hardened with the killing of
Iranian nuclear scientists with chilling regularity over the past two
years. In January 2010, a remote-controlled bomb attached to a
motorcycle killed Masoud Ali Moham-madi, 50; he taught neutron physics
at Tehran University. In November 2010, two separate car bombs exploded
on the same day — one killed nuclear scientist Majid Shahriar and
injured his wife; the other wounded nuclear scientist Fereidoun Abbasi
and his wife.
In July 2011, Iran’s Atomic Energy Organisation
member Darioush Rezaei, 35, was shot dead and his wife injured by two
gunmen firing from motorcycles outside their daughter’s kindergarten; he
was a specialist in neutron transport which lies at the core of nuclear
chain reactions in reactors. On January 11, Professor Mostafa
Ahmadi-Roshan, 32, was killed when a magnetic bomb attached to his car
by motorcycle-borne person went off.
Iran is justly enraged and
will fight for its honour and sovereignty. Recently, it conducted naval
exercises in the Arabian Sea near the Strait of Hormuz and sternly
warned American aircraft carrier, USS John C Stennis, which had just
left the Gulf, not to return. The world cannot afford the ruination that
an Iran war could wreak upon us all. De-escalation of the crisis is
imperative. For a start, the major capitals must ensure that the UN
ceases to behave like a handmaiden of Western colonial interests.
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