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Saudi Arabia’s long-term problem is oil decline; Jiang says controlling Middle East trade access through Hormuz is a viable future compared with waiting for oil to lose importance.
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Saudi Arabia’s long-term problem is oil decline; Jiang says controlling Middle East trade access through Hormuz is a viable future compared with waiting for oil to lose importance.
"Okay? Does that work? So, if you're Saudi Arabia and you see the future, it's a pretty dismal future because eventually, your oil is..."
A source-grounded reading of Jiang’s law of escalation: the actor with the biggest weapon can still lose if the weaker actor has calibration, legitimacy, options, and a way to make the bully destroy himself.
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