Global Power Shift Looms as Middle East War Intensifies
Omoyeni Olabode

The ongoing crisis in the Middle East is being shaped by rising United States debt, global economic shifts and an emerging struggle for control of critical natural resources, according to a new analysis.
The report argues that the United States’ growing national debt, estimated at over $36 trillion by 2025, has contributed to aggressive foreign policies aimed at securing strategic resources, particularly oil.
It highlights that countries such as Iran and Venezuela, both rich in oil reserves, have increasingly become targets of US interest, suggesting that access to energy resources is a key factor behind ongoing geopolitical tensions.
The analysis traces the roots of America’s global economic dominance to the 1970s petrodollar agreement with Saudi Arabia, which ensured oil transactions were conducted in US dollars and reinforced the dollar’s position as the world’s reserve currency.
However, recent developments indicate a gradual shift away from this system, as countries begin to diversify their reserves amid concerns over US fiscal discipline and trade policies.
Also, there is an indication that the US military actions in resource-rich regions are part of a broader strategy to maintain economic and geopolitical influence, even though such actions risk escalating conflicts and destabilising international order.
Meanwhile, the ongoing war has exposed changing dynamics in global military power, with countries like Iran leveraging asymmetric warfare tactics and alliances with major powers such as China and Russia to counter US influence.
Hence, there is a possibility that the conflict could accelerate the emergence of a new global order, where traditional rules governing international relations are weakened and power politics take precedence over established norms.
Likewise, the prolonged US involvement in the Middle East may create strategic vulnerabilities elsewhere, particularly in regions like the Asia-Pacific, where rising powers are closely monitoring developments.
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