The RAND corporation has unveiled a unique defence planning and response project called “Hedgemony”. As is clear from the name, it is a play on the words “hegemony” and “hedging”, i.e. managing and insuring against risk.
The US struggling to recover as a result of the economic downturn and global isolation triggered by the Coronavirus, Beijing senses American vulnerability, feels capable of confronting the US, finds a time to forge a strategic agreement with Iran.
US president Donald Trump's approval ratings, at 49%, are now at their highest ever level since his assumption to office three years ago (1).