We are pleased to present the 18th issue of John Lukacs Analyses on Global Affairs: 2025/18.Stablecoins vs. Digital Yuan: The Next Great Global Economic Competition?
Key insights from this analysis include:
- The United States’ effort to expand the Abraham Accords and bring about normalization of diplomatic relations between Israel and the Arab world should be placed in a larger American prism, rather than a local one.
- By reviewing key diplomatic, economic, and security-related indicators, this article examines how this effort serves the US’ National Security Strategy to counter anti-American forces on the world stage. This echoes the Cold War-era strategy of containment of Communism, this time vis-à-vis CRIN (China, Russia, Iran, and North Korea), thus reflecting great power competition with the Middle East as its microcosm.
- Such a broad, American-led regional peace initiative can trigger a domino effect, resulting in reshaping the dynamics between the Judeo-Christian civilization with the Islamic one.
- This analysis also reveals the underlying connecting dots between seemingly isolated theaters – the June 2025 strike on Iran and the October 2025 ceasefire agreement in Gaza. The growing Iranian nuclear threat and stalemate in the Palestinian arena became conflicting, rather than converging vectors, a disservice of Arab world’s interest to maintain stability, and forced it to break the stalemate and its rejectionism toward Israel, advancing normalization without the precondition of a Palestinian state and considerable Israeli concessions.
- Success in forming this coalition will also be reflected in Europe’s willingness to cast aside existing dogmas and embrace realistic visions for the region, rooted in shared interests, including sharing the spoils of the planned trade and energy corridors, while empowering regional stability as a noteworthy component in European security – from holding back migration waves to preventing conflict.
You can read the full paper on the John Lukacs Institute website.