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A global reckoning

Published Mar 3, 2026 12:05 am  |  Updated Mar 2, 2026 05:23 pm
FINDING ANSWERS
When news broke that Ayatollah Ali Khamenei was killed in the US-Israel airstrikes that hit Iran over the weekend, many responded not with grief but with a sense of relief.
For millions of Iranians, the death of the aging supreme leader symbolized the end of an era defined by repression, stifling political control and economic decay that crushed the aspirations of his own people.
For nearly four decades at the apex of power in a system that fused clerical rule with military authority, Khamenei presided over a nation battered by sanctions and increasingly cut off from much of the world.
He was no moderate cleric reluctantly steering a revolution he inherited. Khamenei embodied the Islamic Republic’s most uncompromising instincts — hostility toward the United States and its allies, implacable opposition to Israel, and deep suspicion of political freedoms at home.
Under his watch, Iran evolved into a peculiar fusion of theocratic authority and military dominance, where clerics, Revolutionary Guard commanders and entrenched bureaucrats shared power in a system widely criticized as corrupt and unaccountable.
Yet the more pressing issue is not his legacy but its implications. The geopolitical landscape surrounding Iran has grown more volatile, particularly after US President Donald Trump ordered the military strikes despite the absence of clear evidence of an imminent threat of Iran to the United States.
The US president insisted that Iran’s nuclear capabilities had already been “obliterated” months earlier. If that were so, critics ask, why was urgent unilateral action necessary, and undertaken without US congressional approval?
Such an attack raises questions about the post–World War II international order, which was built on rules, alliances and institutions meant to temper unilateral force. If those norms erode, countries calibrate their expectations about what is permissible.
When the world’s most powerful democracy acts primarily on the basis of raw strength, other powers take note. Leaders like Xi Jinping and Vladimir Putin are likely to follow suit in a global climate where might defines legitimacy.
In a short address explaining the attack, Trump went further than deterrence. He openly encouraged Iranians to rise up against their government. By framing the mission in terms of regime change, he set a high and uncertain bar for success. Military history offers sobering lessons: Governments rarely collapse from aerial bombardment alone.
The American track record in remaking Middle East governments offers additional caution. From Afghanistan to Iraq to Libya, efforts to topple regimes have often produced instability, prolonged conflict or unintended consequences.
Meanwhile, the immediate consequences are already global. Iran’s strategic perch near the Strait of Hormuz — the artery through which roughly a third of the world’s seaborne oil flows — makes any instability economically explosive. Even without a formal blockade, markets react to risk.
Oil prices have already climbed by around eight percent as reported by Reuters yesterday. Shipping lanes face disruption. Airspace closures ripple across continents. What began as a regional clash now tests the resilience of the global economy.
For the Philippines, the Middle East crisis is not a distant geopolitical drama. It is an economic and humanitarian concern unfolding in real time. The Philippines imports nearly all of its oil. When global crude prices surge, pump prices rise. Transport costs increase. Food and manufacturing expenses climb. Inflation, once reignited, burdens households already stretched by previous price shocks.
And there are the adverse effects on our kababayans in the conflict region. A Filipino caregiver has already been killed. Millions of OFWs live and work across the Middle East, particularly in Saudi Arabia, the United Arab Emirates, Qatar and Kuwait. Any escalation of the conflict — even if limited — heightens uncertainty for Filipino communities abroad.
Such uncertainty affects remittances. Funds sent home by OFWs account for a sizeable share of the country’s GDP. If Gulf economies slow down due to the strain of conflict or prolonged instability, OFWs could face job insecurity and remittance flows could weaken. Even a small decrease reverberates through local economies, affecting consumption and savings.
But fears of a sweeping regional conflagration may be overstated. Tehran’s recent actions have tended to isolate rather than rally its neighbors. Instead of splitting Washington from Gulf capitals that initially signaled neutrality, Iranian reprisals targeted Gulf states in largely symbolic attacks that angered rather than intimidated them.
At the same time, Iran’s vulnerabilities are stark. Its armed forces have absorbed heavy blows, senior commanders have been killed, and key regional partners such as Hezbollah and Hamas have been severely weakened.
Iran now stands at a crossroads shaped by internal fragility and external pressure. Whether its future brings reform, retrenchment, or renewed confrontation will depend not only on events in Tehran but also on the choices made in Washington and other capitals. History suggests that toppling a system is far easier to promise than to accomplish.
For countries like the Philippines, the lesson is sobering but clear. In an interconnected world, geopolitical shocks do not remain contained within borders. They travel through oil markets, remittance channels and diplomatic alliances. They reach ordinary households in the form of higher prices and deeper uncertainty.
The challenge, then, is to respond with prudence and preparation — protecting citizens abroad and cushioning the most vulnerable at home. In moments of global reckoning, resilience is not merely a virtue; it becomes the true measure of strength. ([email protected])
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