Nothing to lose: Iran’s bankruptcy is its best weapon against the wealthy Gulf states
A commentator at bne IntelliNews writes: There is an old saying, attributed to the British Foreign Office in colonial days: “Keep the Persians hungry, and the Arabs fat.” Washington appears to have taken that advice to heart. The trouble is, when the hungry finally have nothing left to lose, it is the fat who pay the price. There is something darkly rational about Iran’s approach to this war. The Islamic Republic entered the conflict already ruined. Inflation was running above…