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US-Iran Conflict in Historical Perspective

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The US-Iran conflict has become critical in wake of US Drone Strike that assassinated Iranian top general Qassem Suleimani since the US considered him the imminent threat to the United States but Trump administration has been heavily criticized by Political Circles.

The political analysts and foreign policy experts are of the view that Donald Trump has committed the extrajudicial killing of General Suleimani and has deliberately escalated the situation with Iran to escape impeachment which is likely to commence as Nancy Pelosi has announced the impeachment managers. The Impeachment Process has already begun.

In a historic perspective, the US has always meddled in the affairs of Iran. The 45 years of hostility towards Iran has sowed the seed of hatred when US and UK agencies orchestrated a plan against a democratically elected secular Prime Minister Mohammad Mossadeq to overthrow his Government since he tried to nationalize Iran’s Oil Industry.

Oil has been the alluring industry for the US and Mossadeq’s attempt to nationalize Iranian Oil cost him his Premiership in 1953.  The Political Analysts call it a historical blunder to meddle in the affairs of Iran.

Later, the US-backed the dictatorial ruler Shah of Iran- Mohammad Reza Pahlavi despite being aware that his regime was incompetent and the rising autocratic Governance model has been weakening.

The streets started flooding with protesters against Shah of Iran’s Regime and he was forcibly ousted by secular and religious forces in 1979, known as the Islamic Revolution.

This growing dissent and turmoil in Iran paved the way for the return of the exiled Islamic Religious leader Ayatollah Khomeini. The referendum was held and Iran was formally proclaimed as the Islamic Republic of Iran on 1s April 1971.

US backing to Shah of Iran resulted in growing hatred and antagonism against America. The angry protesters ransacked the US Embassy in Tehran and made the whole staff as a hostage in 1979. After President Ronald Reagan took the office, the 52 hostages were released by Iran after 444 days in 1981.

US-Iran relations witnessed another Setback when the US secretly shipped arms as the exchange of Iran’s help in the release of US hostages held by Hezbollah militants in Lebanon. This Iran-contra scandal-hit US hard when the benefit such as arms supply channelled to rebellion group in Nicaragua that caused a severe political crisis for American President Ronald Reagan.

Similarly, as Iran has mistakenly downed Ukrainian Passenger jetliner in which 176 passengers were killed, American warship had also shot down an Iranian Passenger plane killing all 290 passengers on board.

Most of the victims were Iranian pilgrims bound for Makkah. Unlike Iran, the US had made a similar statement that the Airbus A300 was downed by mistake considering it a fighter Jet.

This incident had also increased antagonism and hatred against America in Iran.

In the aftermath of the 9/11 incident, in 2001, the US carried out strikes against Taliban in Afghanistan terming Osama bin laden as a most wanted terrorist and for the regime change in Afghanistan.

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Meanwhile, the Iranian opposition group revealed that Iran has been engaged in nuclear Program having set up Uranium enrichment Plan, however, the Iranian Government denied such charges.

American President George W Bush during his union address denounced Iran as part of an “Axis of Evil” along with Iraq and North Korea, thus opening another chapter of conflict.

The UN Watchdog IAEA inspected Iran’s Nuclear Program. Consequently, tough sanctions were imposed on Iran by the US, EU and UN that crippled its economy during the regime of President Mehmood Ahmed Nejad. The economic sanctions devalued Iranian currency that caused abrupt inflation and economic condition became volatile.

The relations between US and Iran grew closer as the moderate and secular president Hassan Rouhani took office and after decades of stiff relations, the ice started melting when US president Barak Obama phoned Hassan Rouhani after three decades.

Following such gesture from the US, the diplomatic channels worked for Iran prompting to sign a long-time nuclear deal in 2015 with great power group containing  US, UK, France, China, Russia and Germany.

Through the deal, Iran agreed to limit its nuclear programme allowing International Inspectors. In return, the crippling economic sanctions were lifted that had affected the country very hard especially its Oil exports -the main source of income for the country to strengthen its economy.

Trump administration has become a great headache for Iran since Iran’s nuclear deal was abandoned by President Donald Trump and threatened to impose economic sanctions against Iran and against those who intend to buy oil from Iran.

Such a hard attitude instigated the conflict even further since the Iranian Economy was already under heavy recession.

As a result of above the statement, US President Donald Trump re-imposed tough economic sanctions on Iranian Oil in May 2019 while Iran started a pressure campaign against the US.

The series of Incidents happened thereafter such as Explosions hitting tankers in Gulf of Oman and Iran’s shooting down a US drone hovering over Strait of Hormuz. The US claimed the drone was over International waters whereas Iran said that it was over their Territory.

Given the US Sanctions and blame game, Iran started rolling back from its commitments as reflected in the nuclear deal and started Uranium enrichment.

Finally, when US Drone strike assassinated Iranian Top General Qassem Suleimani in Iraq, the Iranian people became united.

Millions of people attended the funeral prayers of General Qassem Suleimani and protested against America in Iraq and Iran.

The analysts said that it was the biggest protest after the 1979 Islamic Revolution in Iran as millions of people participated in the last rituals of General Qassem Suleimani.

Iran announced to take revenge to shun angry protesters that demanded retaliation against US aggression.

Under-Pressure Iran’s Supreme Leader Ayatollah Khamenei approved targeting US Military basis in Iraq by firing dozen Cruise Missiles but there were no casualties.

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Since then, Donald Trump has been heavily criticized for the extrajudicial killing of General Qassem Suleimani. Even Middle East crisis worsened following the Iraqi Parliament resolution demanding US Troops and Allies for leaving Iraq after Qassem Suleimani’s  Assassination. The Iranian Proxies may attack US military basis since Iran has a strong network of proxies in Iraq, Yemen, Syria and Palestine.

Now the Questions arises that will it be a world war-III the answer is “No” since, after strikes, both countries have shown sensibility and restraint as plane tragedy has spread shocking tremors after Iranian Revolutionary Guards claimed the responsibility of mistakenly downing a Passenger Jet carrying 174 passengers in the limits of Tehran’s International Airport. Iran, at first, denied the incident, but after international pressure accepted that the passenger jet was downed by mistake.

Iran has publicly apologized for the mistake and announced compensation for the bereaved families but the Ukrainian and Canadian Governments have demanded a thorough investigation and apologize through diplomatic channels.

Mike Pompeo has also sought help from Pakistan for de-escalation as both countries do not want war. All the world powers have urged both the US and Iran to de-escalate tensions and resolve the conflict through negotiations.

The European Union, UK, Russia, China and other NATO members have started diplomatic efforts to prevent both countries going to all-out war as War will bring miseries and destruction for humanity since both nations are nuclear capacious though Iran has not announced its nuclear capability.

UN and European Union must play their role to engage both parties in negotiation so that Possibilities of World War-III may be averted to save humanity falling prey to destruction, hunger, Economic crisis, homelessness and disease. Negotiations will also pave the way for the lifting of tough economic sanctions against Iran that have crippled the fragile Iranian Economy causing Inflation and Price hike.

Moreover, US-Iran conflict may jeopardize US-Taliban talks for which Pakistan has played a key role to make the deal Possible as Afghan Peace will be beneficial to the whole region including Pakistan. Terrorism emanating from Afghanistan has affected Pakistan very badly especially Economy that has also been volatile owing to corrupt practices of politico regimes and rising debts.

The world must wake up from the slumber to play their role to de-escalate the tensions between US –Iran so that diplomatic relations stalemate may be scrapped and the new chapter of Economic cooperation and relations may be written that will benefit the people of both beleaguered Nations having tumultuous and alienated history causing the existing crisis that has made the Middle East and Gulf Crisis even worse.

Given the situation in Lebanon, Syria and Iraq, world leaders especially EU and UN must come forward to save the humanity falling prey to World War III that will be disastrous and destructive owing  Nuclear Technology. The world cannot afford to see tragedies like Hiroshima and Nagasaki

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China

Decoding China’s Consumer Price Rebound Amid Deflation Risks: Insights & Analysis

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Introduction

China’s consumer prices have shown signs of rebounding, thanks to a holiday boom. The Consumer Price Index (CPI) grew by 0.7% year on year in February, surpassing expectations and marking the first rise after six consecutive months of decline. However, amidst this positive development, there are looming concerns about deflation risks as factory gate prices continue to fall for the 17th consecutive month. This article delves into the intricacies of China’s current economic landscape, analyzing the factors contributing to the CPI growth and exploring the implications of persistent deflation risks.

1: Understanding China’s Consumer Price Index (CPI) Growth
The Consumer Price Index (CPI) serves as a key indicator of inflation and reflects changes in the prices paid by consumers for goods and services. The recent 0.7% year-on-year growth in China’s CPI in February has sparked optimism among economists and policymakers. This growth can be attributed to various factors, including increased consumer spending during holidays, rising demand for certain goods and services, and government stimulus measures aimed at boosting consumption.

2: Implications of CPI Growth on China’s Economy
The rebound in consumer prices has significant implications for China’s economy. A positive CPI growth indicates a healthier level of inflation, which can stimulate economic activity by encouraging spending and investment. It also reflects improved consumer confidence and overall economic stability. However, it is essential to monitor the sustainability of this growth and its impact on other economic indicators.

3: Analyzing Deflation Risks in China’s Economy
Despite the encouraging CPI growth, there are concerns about deflation risks looming over China’s economy. The continuous decline in factory gate prices for the 17th consecutive month is seen as a warning signal by analysts. Deflation can have detrimental effects on an economy, leading to reduced consumer spending, lower corporate profits, and potential economic stagnation. Policymakers must address these deflation risks proactively to prevent long-term negative consequences.

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4: Factors Contributing to Deflation Risks
Several factors contribute to the deflation risks faced by China’s economy. Overcapacity in certain industries, weak global demand, trade tensions, and technological advancements leading to cost reductions are some of the key factors driving down factory gate prices. Addressing these underlying issues requires a comprehensive approach that involves structural reforms, targeted stimulus measures, and strategic policy interventions.

5: Strategies to Mitigate Deflation Risks
To mitigate deflation risks and sustain economic growth, policymakers in China need to implement effective strategies. These may include promoting domestic consumption through incentives and subsidies, fostering innovation and technological advancement to enhance competitiveness, addressing overcapacity through industry restructuring, and maintaining a stable macroeconomic environment through prudent monetary and fiscal policies.

Conclusion
China’s consumer price rebound offers a glimmer of hope amidst challenging economic conditions. While the CPI growth signals positive momentum in the short term, it is essential to address the underlying deflation risks to ensure long-term economic stability and growth. By understanding the factors contributing to CPI growth and deflation risks, policymakers can formulate targeted strategies to navigate these challenges effectively. Monitoring economic indicators closely and implementing proactive measures will be crucial in safeguarding China’s economy against potential downturns.

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Economy

Unveiling the Potential: Lake Street Analyst Raises Price Target on Crexendo to $7

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Introduction

In the dynamic world of stock markets, analysts play a crucial role in guiding investors with their insights and recommendations. Recently, Lake Street analyst Eric Martinuzzi made waves by raising the price target on Crexendo (NASDAQ: CXDO) to $7 from $5.50, reaffirming a Buy rating and showcasing his bullish outlook on the company’s prospects. This move not only reflects Martinuzzi’s confidence in Crexendo but also sheds light on the underlying factors driving this optimistic stance.

1: The Analyst’s Perspective
Eric Martinuzzi, a seasoned analyst at Lake Street, has demonstrated his faith in Crexendo’s growth potential by revising the price target upwards. His Buy rating underscores a positive outlook on the company’s trajectory, indicating a belief in its ability to thrive in the competitive market landscape. By delving into Martinuzzi’s rationale behind this decision, investors can gain valuable insights into what sets Crexendo apart and why it is poised for success.

2: Unpacking Crexendo’s Market Position
Crexendo, a technology company specializing in cloud communications solutions, has been making strides in expanding its market presence and enhancing its offerings. With a focus on innovation and customer-centric solutions, Crexendo has positioned itself as a key player in the industry. The heightened price target from Lake Street signals a strong conviction in Crexendo’s capabilities to further solidify its market position and drive growth.

3: Factors Driving Optimism
Several factors contribute to the positive sentiment surrounding Crexendo and justify the increased price target set by Lake Street analyst Eric Martinuzzi. These may include strong financial performance, innovative product offerings, strategic partnerships, market trends favoring cloud communications solutions, and overall industry outlook. By examining these factors in detail, investors can better understand why Crexendo is garnering attention and what potential opportunities lie ahead.

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4: Implications for Investors
For investors looking to capitalize on the bullish outlook for Crexendo, understanding the implications of the revised price target is crucial. It signifies not just a numerical increase but also a vote of confidence in the company’s ability to deliver value and generate returns for shareholders. By aligning investment strategies with this optimistic outlook, investors can position themselves strategically to benefit from Crexendo’s growth trajectory.

Conclusion
In conclusion, Lake Street analyst Eric Martinuzzi’s decision to raise the price target on Crexendo to $7 reflects a positive assessment of the company’s prospects and underscores its growth potential. By exploring the analyst’s perspective, unpacking Crexendo’s market position, analyzing the factors driving optimism, and considering the implications for investors, stakeholders can gain valuable insights into why Crexendo is an intriguing investment opportunity worth considering.

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Economy

The Economic Consequences of Elections: A Perspective from Nedbank

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Introduction

Elections are an integral part of any democratic society, providing citizens with the opportunity to choose their leaders and hold them accountable for their actions. However, the focus on elections can often divert attention from other pressing issues, such as fixing the economy.

In a recent statement, the Nedbank chief, Mike Brown, expressed concern that the upcoming elections could take the focus off fixing the economy, which is a cause for concern for many South Africans. In this article, we will delve deeper into the economic consequences of elections and the implications for South Africa.

The Economic Consequences of Elections
Elections can have significant economic consequences, both in the short and long term. In the short term, elections can lead to increased uncertainty, as investors and businesses may hold back on making decisions until the outcome is clear. This uncertainty can lead to a decrease in investment, which can negatively impact economic growth.

In the long term, elections can lead to policy changes that can have significant economic consequences. For example, if a new government comes into power with a different economic policy, this can lead to changes in regulations, taxes, and other economic factors that can impact businesses and investors. This can lead to a decrease in confidence in the economy, which can further impact investment and economic growth.

Nedbank’s Perspective
Nedbank, one of South Africa’s largest banks, has expressed concern that the upcoming elections could take the focus off fixing the economy. Mike Brown, the Nedbank chief, has stated that “the focus on the election could distract from the need to address the structural issues that are holding back the economy.” This is a concern shared by many South Africans, who are worried about the country’s economic future.

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Structural Issues in the South African Economy
South Africa’s economy has been struggling for some time, with high levels of unemployment, low economic growth, and a large budget deficit. These structural issues are complex and require significant attention and effort to address. However, the focus on elections can divert attention from these issues, making it difficult to make progress in fixing the economy.

Conclusion
Elections are an important part of any democratic society, but they can also have significant economic consequences. The focus on elections can divert attention from other pressing issues, such as fixing the economy. As the Nedbank chief has pointed out, this can seriously affect South Africa’s economic future. Attention must be given to these structural issues, regardless of the outcome of the elections. Only then can South Africa hope to achieve sustainable economic growth and development.

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