A Primer on the Petrodollar and the War on Iran
This newsletter is a primer on some of the key concepts needed to understand the global financial system in the context of the illegal war waged by the United States and Israel against Iran.
India’s oldest Socialist Weekly!
Editor: Dr. G.G. Parikh | Associate Editor: Neeraj Jain | Managing Editor: Guddi
This newsletter is a primer on some of the key concepts needed to understand the global financial system in the context of the illegal war waged by the United States and Israel against Iran.
‘Washington Wants Out. Iran Isn’t Opening the Door’: Eleven days into Operation Epic Fury, Washington faces a problem it created for itself: how to exit a war it cannot win. Also: ‘Mojtaba’s Message to Trump: “Bring It On!”’; and: ‘Iran-US Conflict Turns into Prolonged Attrition’.
As we bid farewell to the holy month of Ramadan, however, something of Ramadan has survived. The small act of gathering and praying side by side in tiny tent mosques, the unamplified calls to prayer, and the laughter we still manage when someone loses their balance on the uneven floors, make this holy month worth living and are a reminder of the spirit of the people of Gaza.
The Prime Minister went to Jerusalem for partnership gains, leaving the country’s plural memory and Palestinian solidarity behind. Days later, Israel and the US struck Iran. India’s West Asia balancing act may never be the same.
‘Latin America and Caribbean Solidarity in the Trump Era’: The re-assertion of the Monroe Doctrine, dubbed the “Donroe doctrine” in 2025, has aimed to limit China / Russia influence but often fractures regional cohesion. Also: ‘The Trump Corollary: Imperialist Offensive and the Assault on Venezuela’.
‘Regime Change in the Iran War, But Which One?’; ‘Iran Prepared for an Existential War. How Much Are Trump and Israel Willing to Gamble?’; ‘Iran Attacked by the US and Israel When Peace Was Within Reach’; ‘The US/Israeli Attack Was to Prevent Peace Not Advance It’; ‘Mass Movement Mobilizes Against Trump’s War on Iran’.
Two prominent Jewish historians have recently written from different perspectives – one economic and political; one largely theological and moral – that the state of Israel is doomed and living on borrowed time.
The British Empire, in steep decline on the eve of World War I, is a cautionary tale for a decayed U.S. Empire a century later.
In this interview, Chris Gilbert offers an analytical reading that situates the recent escalation in Venezuela within the broader history of confrontation between Venezuela and U.S. hegemony, and examines its implications for the country and the region. He also discusses the Venezuelan communes in this context.
Sudan’s war is not an anomaly but a concentrated expression of a global system that depends on unequal exchange, violent extraction, and moral distance. Armed violence, mass displacement, famine, and systemic exploitation are sustained not only by domestic actors but by regional and international powers that profit from instability.
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