Opinion | Will Trump's Deeply Flawed Iran War Bring Down the US Empire?

The Suez crisis in 1957 symbolized the decline of the British Empire, with the US persuading Britain to seize control of the Suez Canal, leading to Britain losing its influence. A similar scenario could unfold with Trump’s war on Iran, potentially eroding America’s asset credibility and impacting the global demand for US dollar-denominated assets. The world's high demand for US assets, particularly the dollar, could be negatively affected by the conflict.