International Peace Coalition; July 9, 2026: Great uncertainty dominates the strategic picture yet again, with the conflicts around both Iran and Ukraine evolving on a daily basis. While the greater immediate danger appears for the moment to have shifted away from West Asia to a direct confrontation between Russia and NATO, the underlying dynamic comes from the efforts of the Transatlantic World to maintain the dominance of their failed system, while suppressing the legitimate demand of the Global Majority for a more just world economic order.

In the Middle East, there have been repeated strikes by both the US and Iran, but negotiations continue nonetheless, with mediators from Pakistan and the Gulf countries. While lesser traffic is now moving through the Strait of Hormuz, the disastrous effects on the world economy continue to grow.

More alarming for the region is Israeli Prime Minister Benjamin ‘Bibi’ Netanyahu’s outright denial to respect the ceasefire in Lebanon laid out in the Memorandum of Understanding (MoU). The trilateral “deal” signed recently by Israel, Lebanon and the US effectively gives the Israeli Defence Forces (IDF) the right to operate in the country, and could well lead to civil war conditions within Lebanon.

As for relations with Russia, Ukraine has dramatically increased and intensified its drone strikes deep into Russia over the recent period, hitting many oil infrastructure facilities. As Russian leaders well know, these attacks could not occur without the direct assistance of European governments.

Those same European countries, as well as the US, are attempting to salvage their bankrupt financial system by a flight forward into insane rearmament programmes and speculative bubbles. But they will not work anymore than their many previous schemes did. Even the Bank of International Settlements (BIS) in Basel is worried. In its latest report, the BIS has mentioned: “The global economy displayed surprising resilience despite successive shocks, from tariffs to the Middle East conflict. This was partly driven by optimism around progress in artificial intelligence (AI), which fuelled large AI-related investments and sustained accommodative financial conditions.”

However, the bank goes on to warn: “But the perils have grown with pressure points around risks of persistent inflation, the sustainability of AI-related investments, growing financial vulnerabilities and weakening fiscal positions.” In other words: inflation is rising, AI growth is a bubble ready to burst, the financial system is overwhelmed by unpayable debt and governments are more or less bankrupt.

Boundless Ocean of Politics received this article from the IPC.

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Published by Koushik Das

Koushik Das (born on May 16, 1976 in Kolkata) is a career journalist. Based in the Indian capital of New Delhi, Koushik writes mainly about foreign policies and current geopolitical issues, and rarely about other topics. His own political ideas are highly influenced by Antonio Gramsci, Louis Althusser, Michel Foucault, Michael Oakeshott and others. English philosopher and political theorist Oakeshott (Dec 11, 1901-Dec 19, 1990) says that “in political activity, men sail a boundless and bottomless sea. There is neither harbour for shelter nor floor for anchorage, neither starting-place, nor appointed destination. But we have to keep afloat”. (Rationalism in Politics, 1962) As a student of Political Science, Koushik loves to share his views on issues, which have great impacts on his thought process (and also on India, South Asia and of course on the global community), with his readers through his website – Boundless Ocean of Politics. By doing so, he tries to keep himself afloat. You will find some of his articles in https://inserbia.info/today/ (https://inserbia.info/today/author/kou_das13_i/), as he has been trying to assess the global geopolitics since 2003. You can also mail him at kousdas@gmail.com View all posts by Koushik Das