Ukrainian war, geopolitical balances change: Asian non-alignment puts Biden in crisis
The pax americana falters. Joe Biden is no longer able to enforce the oil deals that the United States and the European Union itself would need. With the emphasis that we need to restructure an international posture now devoid of pillars. Corriere della Sera writes about it today, arguing that “the White House is no longer able to impose the agreements it needs. The European Union does not yet have the political weight to make up for the limits of the American administration. And the net effect it is less oil for sale on the market, at higher prices “.
Not only is the rise in oil prices creating inflation problems everywhere, but also, writes Federico Fubini, “The sanctions against Russia are opening up new oil routes and new trade agreements between emerging powers that cut out rich economies. The game is open and everything can still change but, for now, the West is not winning it. This has been confirmed in recent days, when Iran has begun to raise the price of an agreement with the United States that leads to an increase in the supply of crude oil on world markets “.
Ukrainian war, now Biden desperately needs a deal with Iran. Who takes advantage of it
We are now in a paradoxical situation in which Biden desperately needs an agreement with Tehran to bring about a drop in the price. Inflation risks jeopardizing the midterm elections that the American president will face in the coming months. “For this Biden did not hesitate to accelerate talks with Iran on the so-called Joint Comprehensive Plan of Action: an agreement with the five powers of the UN Security Council (including Russia and China), plus Germany and the European Union, which should lead to new limits on Tehran’s nuclear program and an end to sanctions. That agreement may be worth nearly half a million extra barrels of crude a day from the second half of the year, because Iran is the fourth country in the world for the oceanic dimension of its reserves “, continues Corriere della Sera.
The problem is that “iThe Ayatollah regime quickly sensed the desperation of Westerners to get to the signature and raises the price: last request, to remove the Islamic Revolutionary Guard – an armed state force – from the list of terrorist organizations where Donald Trump had placed it in 2019. Now Biden hesitates, because any concession would come under attack in America. “
Meanwhile, on the other side, as Repubblica points out, one has been created “strange Asian pact” which, behind the screen of neutrality, is in fact avoiding isolating Vladimir Putin’s Russia. “India is at the center of this new game, pulled by the jacket of its ten-year impartiality. A member of the Quad (the alliance which also includes the United States, Australia and Japan) has not condemned the Russian invasion. it is closer to the US – in an anti-Chinese key – but has excellent relations with Moscow, a partner of China, from which it buys oil and weapons (again as a deterrent against Beijing) “, writes Repubblica.
While “Pakistani Prime Minister Imran Khan – a good friend of both the Russians and the Chinese but New Delhi’s main rival – who, on the eve of the vote of no confidence in Parliament, denounces the United States of wanting to dismiss him”. The balance of the world is changing and the West does not seem very well positioned.