Read our editorials on the US-Israeli war on Iran here and here.
Since the initiation of the US imperialist war of aggression against Iran, gas and oil prices have spiked to a country average of $3.98 per gallon as of March 28, an increase of $1.03 since last month and a peak not seen since 2022.
While the brunt of US imperialism is faced primarily by those it is waging war against and the people in the Third World more broadly, the conditions of workers in the US worsen as part of US imperialism’s attacks on the oppressed nations and international working class.
The Iranian national resistance’s military strategy for its self-defense involves economic sabotage against the US and Israel. Most notable is the blockade of the Strait of Hormuz, through which passes about one-fifth of the world oil supply. Iran has also carried out selective attacks on key economic points tied to the US and Israel, such as the March 18 strike on Qatar’s Ras Laffan Industrial City, which processes about one-fifth of the world’s liquefied natural gas. The strike costs the administering company an estimated $20 billion a year in revenue until it is fixed, putting pressure on the US to end its genocidal war by hitting its profits and hegemony.
Alongside the development of wars of aggression, military spending increases. In January, the Trump administration announced it would request a $1.5 trillion 2027 military budget from Congress, about $500 billion more from this year. Earlier this month, Trump announced a meeting with top US arms monopolies, which had agreed to quadruple production of advanced weaponry.
Trump said in his electoral victory speech, “I’m not going to start wars, I’m going to stop wars.” Since his inauguration, the US has continued and expanded its wars, carrying out military strikes on Iran, Iraq, Yemen, Syria, Venezuela, Ecuador, Somalia, and Nigeria within the last year.
Trump’s promises of a “roaring economy” and “plummeting” prices made at his State of the Union address in February have also proven false. The rising cost of gas leads to general inflation because of its use in the production and transportation of other commodities.
Polling conducted by Reuters/Ipsos found that 59% of Americans disapprove of the war of aggression against Iran. Internationally, millions have rallied against the invasion in countries including Iran, Lebanon, Yemen, Iraq, Kashmir, Pakistan, India, and Nigeria.
Amid the defeats of US imperialism in its war against Iran and the people of the Middle East, its record militarization, and the ensuing inflation, Trump has hit his lowest approval rating yet of 36%.
Image: Gas prices in Washington, D.C. Credit: Retrieved from social media.
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