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Story perspectives

Middle Powers Rise as US Influence Declines in 2026

3/26/2026

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Story summary
  • In 2026, the United States has a diminished role in global governance after the US-Israel attack on Iran and the Strait of Hormuz closure.
  • Middle powers such as Canada, Japan, and Australia are stepping up to sustain globalization.
  • Canadian Prime Minister Mark Carney emphasized at Davos the need for flexible cooperation.
  • The coalition now accounts for about 15% of global GDP and includes Asia-Pacific economies and the United Kingdom.