Quincy Institute for Responsible Statecraft 101d ago

The recent joint U.S. and Israeli attacks on Iran have had dramatic consequences for the countries of the Global South. The immediate impact has come through the interruption of oil and natural gas flows through the Strait of Hormuz, a dramatic spike in energy prices, and an even more alarming threat to the world’s supply of fertilizer just ahead of planting season. The near-term course of both the war and the diplomacy surrounding it remain highly uncertain, but these events also raise longer-term questions for the Global South not just about energy security but also about geoeconomic spillovers as the White House continues its “move fast and break things” approach to foreign policy.