America's Suez Moment? Soli Özel on Why Nothing Will Ever Be the Same Again
Keen On America
Great-power winners: Russia and China
Özel argues Russia benefits from higher oil prices while China gains from American distraction and depleted munitions.
“If the regime doesn’t lose, it wins.” — Soli Özel
It was just past midnight in Istanbul when I reached Soli Özel. The Pentagon had just announced it was deploying 3,000 soldiers — the 82nd Airborne — to the Gulf. Özel — professor of international relations at Kadir Has University, columnist, and one of the most trusted analysts of Middle Eastern politics — is blunt. This might, he warns, be America’s Suez moment.
In 1956, Britain and France — two spent imperial powers that refused to accept they were spent — were humiliated in Egypt. Trump is a noisier, more corpulent Anthony Eden. The difference between then and now is that the US and Soviet Union were ready to replace the European colonial powers. Today, no great power can take America’s place in the region. But its prestige is diminished, its ammunition depleted, and when it called on NATO allies to help open the Strait of Hormuz, nobody volunteered. Russia and China, Özel suggests, are winning on every front without sending any of their crack regiments to the front. It may also be midnight for a declining United States in the Middle East.
Five Takeaways
• The Negotiations Were Going America’s Way: According to the Omani foreign minister, Iran had accepted conditions firmer than the original JCPOA. The war was a choice, not a necessity. The question is who convinced the president: the Venezuela precedent, which suggested quick regime decapitation, or the Israelis, who wanted not just a deal but the regime’s destruction. Nobody told him that Venezuela and Iran have nothing in common.
• If the Iranian Regime Doesn’t Lose, It Wins: Iran has escalation control. Its defensive resilience has exceeded every analyst’s expectations. It struck the Ras Laffan gas refinery in Qatar — three to five years to repair. It hit radars, data centres, refineries. Nobody thought they could do this. If the regime survives, it emerges emboldened, more autocratic, and the entire Gulf security equation changes permanently.
• This May Be America’s Suez Moment: In 1956, Britain and France — two spent imperial powers — were humiliated in Egypt. The difference: the US and Soviet Union were ready to take their place. Today, no great power can replace America in the region. But its prestige is diminished, its ammunition depleted, and when it called on NATO allies to help open the Strait of Hormuz, nobody volunteered.
• The Moral Debate America Isn’t Having: The decapitation strategy — assassinating an entire generation of foreign leaders — crossed a red line that should never have been crossed. The American debate is about preparedness, Israeli influence, and whether Trump can find an exit. The moral question is taking the back seat. The rest of the world has noticed.
• Russia Wins. China Waits. Nothing Will Be the Same: Oil prices from the sixties to over a hundred. Russia has more room in Ukraine. China is happy the US can’t pivot to Asia and is depleting ammunition reserves meant for a Taiwan scenario. Relations between the Gulf countries, Israel, and the United States will be reconsidered, redefined, and never the same.
About the Guest
Soli Özel is a professor of international relations at Kadir Has University in Istanbul, a fellow at the Robert Bosch Academy, and a columnist for Habertürk. A member of the European Council on Foreign Relations, he has taught at Johns Hopkins SAIS, UC Santa Cruz, and Yale, and was a Fisher Family Fellow at the Belfer Center at the Harvard Kennedy School. He writes regularly for Project Syndicate.
References:
• Episode 2843: The Philadelphia Story — Richard Vague on how America’s first bank was created to fund war. The connection between banking, debt, and war hasn’t changed.
• Episode 2842: Symbolic Capitalism vs. Symbolic Democracy — this week’s TWTW on whether capitalism permits democracy. The Iran war is the test.
About Keen On America
Nobody asks more awkward questions than the Anglo-American writer and filmmaker Andrew Keen. In Keen On America, Andrew brings his pointed Transatlantic wit to making sense of the United States — hosting daily interviews about the history and future of this now venerable Republic. With nearly 2,800 episodes since the show launched on TechCrunch in 2010, Keen On America is the most prolific intellectual interview show in the history of podcasting.
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