Hong Kong, March 18 -- All sorts of conspiracy theories abound. For example, some say mastermind President Donald Trump seized Venezuela's leader and started bombing Iran in order to get back at China by disrupting oil deliveries to the communist country. However, such theories give Trump far too much credit for strategic foresight.

Instead, American hubris - particularly that of its president, Secretary of War and other top leaders - is creating a huge crisis for the rest of the world. Trump's attack on Iran alongside Israel seems to have little strategic endgame or goal in sight, and Iran is striking back the best way it knows how, by using asymmetric military capabilities to close the Hormuz Strait and throttle the world's flow of oil...