In a scathing critique, Christopher Caldwell argues that Washington’s approach to Iran erodes America’s standing, risking loyalty from allies and its own moral footing. He frames the U.S. as an empire in decline, likening the current policy to an overextended reach.

Caldwell draws on historical patterns of American foreign policy, noting that past missteps have already strained diplomatic ties. He warns that continued aggression could trigger a cascade of economic sanctions and market volatility, affecting global oil prices and investor confidence.

The piece underscores that any miscalculation will cost the U.S. a hard‑won reputation for stability. For businesses, this translates into higher risk premiums for U.S. assets and a potential shift in global supply chains away from American firms.

Ultimately, Caldwell’s argument forces policymakers to weigh the cost of maintaining influence against the price of eroding trust in international markets.