Introduction U.S. military operations against Iran that began on Feb. 28, 2026, have not achieved their stated objectives, according to multiple reports. The war has been described as a “strategy of desperation” and a “historic blunder,” a Middle East Eye analysis by Dan Glazebrook reports. [1] The analysis argues the conflict may lead to a transformation of U.S. global financial power, similar to Britain’s post-1956 shift after the Suez crisis. The analysis draws parallels between current U.S. actions and Britain’s creation of the offshore euromarket following the Suez crisis. [1] The 1956 Suez crisis and its aftermath In 1956, a…
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