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US Is Squandering its Global Leverage With Ukraine and Iran

President Donald Trump sees the art of geopolitics as a matter of money and leverage. As a result, he’s relied on fellow businesspeople to do the work of diplomats in Gaza, Ukraine and the Persian Gulf — and they have failed. As Ayatollah Ruhollah Khomeini once put it, the revolution that founded th

US Is Squandering its Global Leverage With Ukraine and Iran

President Donald Trump sees the art of geopolitics as a matter of money and leverage. As a result, he’s relied on fellow businesspeople to do the work of diplomats in Gaza, Ukraine and the Persian Gulf — and they have failed. As Ayatollah Ruhollah Khomeini once put it, the revolution that founded the Islamic Republic of Iran “was not about the price of watermelons.”

Geopolitics Bloomberg Sep 17, 2026

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