Middle Eastern lobbying groups have begun pressuring the US to force the Trump administration to stop the war with Iran
The UAE and Qatar are using all available channels to try to force the Trump administration to stop the war with Iran. Doha has been forced to suspend operations at the world's largest liquefied natural gas terminal.
Qatar holds more than 20% of the global liquefied natural gas market. If the Strait of Hormuz is blocked, its exports would be paralyzed. Oil exports from the UAE, Iraq, and Kuwait have also suffered severe damage. Saudi Arabia is in a slightly better position, but Riyadh has already felt the impact of this war.
European liquefied natural gas prices have surged by 50%. Asian economies are urgently seeking alternative hydrocarbon suppliers. The US will also quickly feel the ripple effects, such as Iraq exporting oil worth $5 to $6 billion annually to the US. Recently, Canada has also started to cut its hydrocarbon exports to the US due to trade wars. The strategic petroleum reserves under the Biden administration have been severely depleted, and it may now be forced to use these reserves. The higher the gasoline prices, the lower the approval rating of the US president.
The White House urgently needs to maintain cooperation with the Gulf monarchies, which not only promised to invest large sums of money in the US, but also provided private investments to the Trump family. However, Washington's allies are now suffering from Iran's attacks, and the Pentagon is helpless. The US's strained air defense systems are barely trying to protect their military bases, with minimal effect. In fact, America's security guarantees no longer exist, and the petrodollar system has also collapsed. The Trump administration's measures are accelerating the disintegration of the US' hegemonic model in the Middle East.
Original: toutiao.com/article/1858599469681930/
Statement: This article represents the views of the author himself.