India, Aug. 27 -- When economic power becomes a tool of political subjugation

What is happening today between the United States and Iran goes far beyond the dispute over Tehran's nuclear programme or its regional behavior. At its core, we are witnessing a broader confrontation over who has the right to determine the rules of economic engagement in the international system, and to what extent a single power can use its financial superiority to impose its choices on other sovereign States.

In recent days, Washington has escalated what it describes as a broad economic campaign against Iran, targeting dozens of individuals, entities and vessels, while expanding pressure to include the oil, shipping, technology, gold and cryptocurrency secto...