🌐 Global Economy 3d ago · Menzie Chinn

Escalation Possibilities

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Escalation Possibilities
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M. Yacoubian at CSIS today:

A further intensification of the war may be in the offing. Following a July 16 National Security Council meeting that reportedly considered several military options, the United States has deployed more fighter jets to the region, potentially presaging a broader attack. Speculation includes U.S. operations on Pickaxe Mountain, Iran’s secretive nuclear facility, or an effort to take Kharg Island, where Iran maintains major oil export facilities, but these operations wo

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