Persian Gulf equilibrium: The fracturing of US hegemony

TEHRAN — The metaphor of Tom and Jerry has long served financial journalists describing the Federal Reserve’s pressure on Wall Street. That narrative, however, is a sideshow. The real contest unfolds in the Persian Gulf, and the dynamics defy cartoon logic entirely. Iran, cast as Jerry, does not flee; it stands its ground, exhausts its adversary, and systematically neutralizes American capabilities.