Global power competition
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The New Weapons of Global Power Are Oil, Rare Earths and Microchips
WSJ· 2026-03-22 14:09
Core Viewpoint - Iran has significantly increased its use of crude oil as a strategic tool, indicating a new phase in the competition for global dominance in the 21st century [1] Group 1 - Iran's crude oil strategy is being utilized on an unprecedented scale, reflecting a shift in geopolitical dynamics [1] - The use of crude oil as a weapon has not been seen in decades, highlighting its importance in current international relations [1] - This development suggests that oil will continue to play a critical role in global power struggles [1]