Trump's war on Iran is a Suez moment - but not in the way you might think

Trump's war on Iran is a Suez moment - but not in the way you might think Submitted by Dan Glazebrook on Thu, 05/28/2026 - 12:11 The US is using its failed war on Iran to monopolise global energy and prop up the dollar - just as Britain used Suez to build the offshore financial system that replaced its empire Vessels anchored in the Strait of Hormuz off the port city of Khasab, Oman, on 17 May 2026 (AFP) Off With its failure to defeat Iran or force the reopening of the Strait of Hormuz, the US war on Iran has been labelled a " strategy of desperation ", a " historic blunder " and a " strategic defeat ". A recent Washington Post analysis of satellite imagery concluded that the damage to US military assets in the region has been "far larger than publicly acknowledged by the US government or previously reported". The war has revealed the limits of US firepower for all the world to see, with neoconservative thinker Robert Kagan even describing it as an Iranian checkmate of the US, and others calling it "America's Suez moment".