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President Donald Trump’s war on Iran has raised doubts about America’s superpower status and currency dominance as the Strait

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Image accompanies the article at Fortune Technology. No description was extracted from the source.

But Dan Alamariu, chief geopolitical strategist at Alpine Macro, isn’t buying predictions about a U.S. decline.

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Summary

President Donald Trump’s war on Iran has raised doubts about America’s superpower status and currency dominance as the Strait of Hormuz remains under Tehran’s control. In a note on Friday, he acknowledged that if Iran’s regime is left standing while retaining some control over the strait, it would represent a “strategic setback” for the U.S. and humiliation for Trump. “The bigger question is whether this marks the end of American superpower status, dollar dominance, and the petrodollar. He also shot down comparisons to the Suez Crisis in 1956, when the U.S. pressured Britain and France to abandon their attempt to regain control of the Suez Canal, signaling the end of their reign as great powers.

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