News Summary

• Last week, US Treasury Secretary Scott Bessent launched an “economic D-Day” program, intended to cut Iran off from all trading partners.
• So far, this intensified economic blockade has only contributed to an escalation of the US-Iran war, rather than moving it toward a conclusion.
• The only stable solution to the impasse in the Gulf is one that involves China and increases economic integration in the region.
• The u.s. effort to subdue Iran can’t succeed without the support of the country’s biggest trade partner.