Re: The Multipolar World Order (yes, it's here)
Posted by Bill Ryan
(here)
Posted by Ewan
(here)
Posted by Ravenlocke
(here)
Pepe Escobar
A version of one of my key columns of the past few weeks - New World Being Born While Old One is Busy Dyin' - has been translated to Farsi and published in this first-class political journal. Pages 30 to 47. Really pleased to be directly reaching a very well informed Iranian audience.
https://x.com/RealPepeEscobar/status...91409769238698
Has that article ever been posted on PA?
I'm not a Twitter user so could not look back through his channel myself.
The title is (or seems to be)
New World Being Born While Old One is Busy Dyin' — but so far I've not been able to find it. (It might be on his substack, which needs a login to see it)
Pepe is referring to an article he wrote in March and was published in Sputnik Globe
Pepe Escobar
Mar 26
https://sputnikglobe.com/20260326/pe...123899050.html
This is a killer.
Includes a detailed explanation of how the Strait of Hormuz toll booth works - and the consequences of the petroyuan in effect.
Some technical ****-up left out the key to the column:
The Dylanesque epigraph.
You will see why it matters so much:
"Pointed threats, they bluff with scorn
Suicide remarks are torn
From the fool’s gold mouthpiece the hollow horn
Plays wasted words, proves to warn
That he not busy being born is busy dying"
Bob Dylan
It’s Alright, Ma (I’m Only Bleeding)
https://x.com/RealPepeEscobar/status...30612306944321
https://sputnikglobe.com/20260326/pe...123899050.html
Pepe Escobar: New World Busy Being Born While Old One is Busy Dying
The 15-point plan that Team Trump presented to Iran is already D.O.A. It’s an imposed capitulation: a surrender document disguised as “negotiation”.
It’s an imposed capitulation: a surrender document disguised as “negotiation”.
The non-plan plan – imposing demands while begging for a one-month ceasefire - includes zero uranium enrichment on Iranian soil; full dismantlement of Natanz, Isfahan and Fordow installations; all enriched uranium out of Iran; the missile program extremely restricted; no funding for Hezbollah, Ansarallah and Iraqi militias; the Strait of Hormuz totally opened.
All that in exchange for a vague “cancelling the threat of reimposing sanctions”.
The only realistic Iranian response to this accumulated wishful thinking might be Mr. Khorramshahr-4 showering his business card across selected targets – consistent with leveraging economic and military deterrence to dictate the real terms.
And the real terms are harsh:
Closure of ALL US military bases in the Gulf; guarantee of no more wars; end of the war on Hezbollah; lifting of ALL sanctions; war damage reparations; a new order in the Strait of Hormuz (already in effect: collecting fees just like Egypt in Suez); missile program intact.
Conclusion: the infernal escalation machine keeps rolling.
A Member’s Club With an Entrance Fee in Petroyuan
Meanwhile, oil and gas prices are mired in a kaleidoscope of volatility, affecting currencies, equities, commodities, supply chains, inflation scares. This is already an out-of-control global economic shock with devastating consequences in progress.
Before the war, Iran was producing a little less of 1.1 million barrels of oil a day, sold at $65 a barrel with a $18 discount: thus, in practice only $47. Now, Iran has increased production to 1.5 million barrels a day, selling at $110 (and counting), mostly to China, with a maximum $4 discount.
And that does not even include petrochemical sales: on the up and up, and for an array of extra customers. To round it all up, all payments are conducted via alternative mechanisms. Which brings us to a startling fact: for all practical purposes, this is sanctions relief in effect.
Now for the Holy Grail in the war: the Strait of Hormuz. It is de facto open, but with a toll booth controlled by the IRGC. A toll booth with a twist: veto power over the guest list. Like entering an exclusive private club.
To get the IRGC clearance, a tanker needs to pay the toll: $2 million per vessel. This is how it works. You contact an IRGC-linked broker. The broker relays to the IRGC the essential info: vessel ownership, national flag, cargo manifest, destination, crew list, and AIS transponder data.
The IRGC runs background checks. If you are not US-linked, not shipping any Israel-linked cargo, and your flag is not part of “aggressor states”, you’re in. Japan and South Korea, for instance, still have not been cleared.
Then you pay the toll. In cash – whatever currency you have – but preferably in yuan. Or in crypto.
It’s a complex mechanism. The IRGC uses multiple addresses; cross-chain bridges to other networks; over-the-counter desks in jurisdictions way beyond American reach; and integration with all sorts of yuan settlement channels.
After the toll is paid, the IRGC issues a VHF radio clearance – complete with a specific time window linked to a narrow 5-mile nautical corridor through Iranian territorial waters, between Qeshm and little Larak island, where the IRGC Navy can visually identify your vessel. You’re free to go. No need for an escort ship.
All of the above applies, for now, to tankers from China, India, Pakistan, Turkiye, Malaysia, Iraq, Bangladesh, Russia. Some don’t need to pay the full toll. Some get exemptions – on government-to-government basis (as in Sri Lanka and Thailand, both described as “friendly nations”). And some don’t pay anything.
So welcome to a member’s club with an entrance fee mostly in petroyuan. It took a single move from Iran to achieve what endless global summits could not: establishing an alternative settlement system – under fire, tested under supreme stress, and on top of it applied in the most consequential chokepoint on the planet.
Each toll paid in petroyuan bypasses the petrodollar, SWIFT and US sanctions – all in one go. The Iranian parliament will approve legislation institutionalizing the toll booth as “security compensation.” No one saw this coming – and so fast: legalized chokepoint monetization. Without firing a shot. This is what de-dollarization trade is really all about.
The problem is what is not transiting Hormuz: fertilizers. Over 49% of urea for export comes from the Persian Gulf. Ammonia needs natural gas; but Qatar declared Force Majeure after the Epstein Syndicate attack on South Pars and the Iranian counter-strikes. The IRGC is focused on oil because oil finances the tool booth and long term, is at the heart of the post-dollar energy settlement system, fully supported by the Russia-China strategic partnership.
So it’s no wonder the Empire of Chaos and Plunder has gone bonkers. In a flash, in three weeks, we have the petroyuan ruling over the – de facto privatized – most important naval connectivity corridor on the planet. So CENTCOM will go all out Terminator to demolish the tool booth, attempting everything from bombing IRGC installations along the coast and setting up naval escorts for allied tankers to a tsunami of sanctions on toll booth brokers.
What CENTCOM cannot bomb is the precedent of the petroyuan in effect. The whole Global South is watching and doing the math. The whole demented war is actually helping a new payment infrastructure to come to light. The war’s financial dimension is even more crucial than missile breakthroughs.
Qatar warned Trump 2.0, over and over again, that attacking Iran’s energy infrastructure would destroy Doha’s own energy infrastructure. That’s exactly what happened. Qatar's energy minister al-Kaabi revealed that he warned the US Secretary of Energy, Chris Wright, as well as executives at ExxonMobil and ConocoPhillips day after day.
To no avail. Qatar ended up losing 17% of its LNG capacity: $20 billion in lost revenue, and as many as 5 years to fix it. Al-Kaabi: oil could hit $150 a barrel, and this war could "bring down the economies of the world."
We reach absurdist territory when it’s clear that striking Iran’s South Pars generated less than zero strategic advantage. On the contrary: the counterpunch hit the Persian Gulf energy sector. Yet perversity actually rules. Who ultimately benefitted? American gas companies.
Iran is betting – and that is immensely ambitious - that the Gulf monarchies will eventually do the math. It’s as if Tehran is making it quite clear: if you learn to do business with us, we will let you continue to do your own business.
The new rules include everything from the GCC bypassing the petrodollar to getting rid of US data centers. And if the GCC wants a new security arrangement, better talk to China. All that while the GCC also has to learn how to deal with this oil shock permanently repricing the risk premium on their energy supply. Structural reset does not even begin to describe it.
As it stands, there’s only one certainty: the GCC will be instrumental in the international financial system implosion as it gets ready to pull at least $5 trillion out of the US market so they may be able to fund their survival.
The Long and Winding Petro-Gold Road
To sum it all up: after the attack on the South Pars gas field – the largest on the planet - and the toll booth in the Strait of Hormuz, it’s yuan-gold settlements, all across the spectrum, that are giving the Russia-China strategic partnership an upper hand unthinkable only a few weeks ago.
The strategic partnership is locking in no less than a new, rising global settlement mechanism, where petroyuan trades flow straight into physical gold.
As Russia sells massive volumes of oil and gas not touched by the war on its ally Iran, China as the top refiner buys Russian energy while at the same time trying to support its Southeast Asian partners outside of the US dollar.
Russia is converting yuan payments into physical gold at the Shanghai Stock Exchange. Iran is accumulating yuan payments in Hormuz - boosting yuan oil contracts that are convertible to gold. And China is building overseas gold vaults and corridors. The new Primakov triangle, RIC (Russia-Iran-China) is in control via real physical energy and gold.
So this is the major take away of the Epstein Syndicate war on Iran. Russia-China reach the Holy Grail: energy dominance and a gold-backed yuan settlement that bypasses the petrodollar to Kingdom Come.
For all practical purposes, the architecture set up by the “indispensable nation” since the 1990s is showing structural cracks for everyone to see, with global markets updating every possible model variation in real time.
It's as if the Persians had reinterpreted Sun Tzu, Clausewitz and Kutuzov (the conqueror of Napoleon) into a whole new hybrid. And as a bonus, accomplishing in only three weeks what years’ worth of summits could not.
The petrodollar is on the way out. Alternative payment systems are up and running. And the Global South is watching in real time how the Empire of Endless Bombing can be brought to a standstill by a decentralized war of attrition engineered by a sovereign nation with one-fiftieth of the imperial defense budget.
Multipolarity won’t be born by suits reading papers in executive rooms. Multipolarity will be born in the battlefield, under fire, against all odds.
BRICS 2025 - Sputnik International, 1920, 30.12.2025
30 December 2025, 12:10 GMT
Note: the above article can also be found at sovereignista.com here,
https://sovereignista.com/2026/03/26...is-busy-dying/
Reply With Quote
Bookmarks