Pipelines, ports, railways, and logistics corridors will never entirely substitute for the world's most important energy gateway. What they can do is provide governments with precious strategic flexibility during moments of crisis.
Ultimately, geography still writes the first draft of geopolitics. Wealth can finance alternatives. Technology can improve efficiency. Diplomacy can reduce tensions. But none of them can repeal the realities imposed by maps.
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Benjamin Netanyahu's recent declaration that Israel must eventually free itself from dependence on American military aid sounded, at first glance, like an assertion of national self-confidence.
Nations, after all, prefer autonomy to dependence. Great powers do not enjoy admitting that their security rests in another country's hands.
But there is a difference between aspiration and reality.
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#Japan’s #yen rout could force Tokyo to sell #USTreasuries as Washington issues record debt. Higher yields would raise borrowing costs across the #US and expose how dependent its fiscal model remains on foreign creditors. #BOJ#JGB#ScottBessent
https://t.co/p4NcUtt9r3