Immediate & Longer Term Costs & Consequences of US Empire’s Iran War

By Jack Rasmus

April 29, 2026

Source: Jack Rasmus

April 26 presentation to the Mt. Diablo Peace & Justice Center conference on ‘The Middle East in Crisis’, in which Jack Rasmus summarizes the recent 2 months economic consequences (to US and global economies) and likely continuing costs and consequences as the US Empire’s war with Iran continues. The presentation also provides a partial view of his research and arguments, in his forthcoming June 2026 book The Twilight of American Imperialism from Clarity Press, on why empirically the American Empire is in decline and how the war and Trump administration is accelerating the process.

This article was originally published by Jack Rasmus; please consider supporting the original publication, and read the original version at the link above.Email

Jack Rasmus

Dr. Jack Rasmus, Ph.D Political Economy, teaches economics at St. Mary’s College in California. He is the author and producer of the various nonfiction and fictional workers, including the books The Scourge of Neoliberalism: US Economic Policy From Reagan to Bush, Clarity Press, October 2019. Jack is the host of the weekly radio show, Alternative Visions, on the Progressive Radio Network, and a journalist writing on economic, political and labor issues for various magazines, including European Financial Review, World Financial Review, World Review of Political Economy, ‘Z‘ magazine, and others.