The New Normal of Economic Warfare The phrase "economic warfare" has a certain ring to it, evoking old fashioned, cloak and dagger intrigue reminiscent of John le Carré novels.
In reality, however, this is the new normal in international relations: using economic coercion as a tool of statecraft. President Trump's latest announcement against Iran follows a familiar playbook.
The "most crushing economic operation ever" promised by Trump sounds like a rehashing of Operation Economic Fury, an earlier effort to strangle Iran's global revenue streams.