Archives Economic crisis - New Eastern Outlook

The global economy, because of the conflict in the Middle East in 2026, has faced an unprecedented combination of geopolitical and economic challenges.

On August 19, 2026, the United States national debt officially crossed the $40 trillion mark. The number has become so large that it risks becoming meaningless. That is precisely why it matters.

By reimposing harsh sanctions on Iran, the US is reverting to an exhausted policy that has failed for decades. America’s 40 trillion debt, accumulated despite decades of plundering resource-rich countries, suggests that Washington needs to try other ways of building a robust economy.