The geopolitical perspective alone makes it almost inevitable that the West will go to war with Iran. That is why, we should at least understand what is behind the pretext that is being used not only to justify that coming war, but also to justify the so-called “humanitarian interventions” in Libya and Syria,. Indeed, the less myopic among us might even begin to understand past and present pretexts to justify the West’s incursions all over the planet.
Nevertheless, at the time of writing this, although, Iran is being undermined, and although its most important ally, and only ally apart from the Hezbollah in Lebanon, is being directly threatened, it is not under a direct attack. That attack remains in the future, albeit a future that is becoming easy to predict. Furthermore, such prediction, of course, leads to a sort of safe speculation and it is that speculation that is already making the oil companies and Wall Street use their position in the oil market to control the price of oil. F. William Engdahl says, “with the development of unregulated international derivatives trading in oil futures over the past decade or more, the way has opened for the present speculative bubble in oil prices.” Wall Street has taken the control of oil prices away from OPEC with the development of unregulated international derivatives trading in oil futures. That is why the price of oil worldwide is increasing and not because of some fictive shortage in supply, or rise in demand, at a time when demand is actually falling.
This is not something that Washington is unaware of. Unfortunately, it seems that the Commodity Futures Trading Commission, the financial futures regulator, empowered by Congress to ensure that prices on the futures market reflect the laws of supply and demand is not fulfilling its responsibilities. The madmen in Wall Street and the City of London are running amok and what are the implications of that “running amok”? Well, with conflict looming in Iran, the price of oil will continue to rise steadily and that is in the interest of the Goldman Sachs, J.P. Morgan etc. Therefore, the war drums will be banged. After all, not only are the United States and its allies geopolitical interests at stake, but there is also a lot of money to be made from war.