Story perspectives

U.S. Leverage Over Global South Raises Economic Risks

4/4/2026

Summary

Story summary

On April 1, 2026, Iqbal Jassat and Shabbir Rizvi described U.S. leverage over the Global South via the Financial Action Task Force (FATF) and the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
They warned that resistant powers or compliant weak states risk exclusion from global institutions, increasing economic pressure.
Rizvi noted Iran, along the Strait of Hormuz, can influence markets despite missiles not reaching the United States, challenging American advantages.

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Story summary

On April 1, 2026, Iqbal Jassat and Shabbir Rizvi described U.S. leverage over the Global South via the Financial Action Task Force (FATF) and the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
They warned that resistant powers or compliant weak states risk exclusion from global institutions, increasing economic pressure.
Rizvi noted Iran, along the Strait of Hormuz, can influence markets despite missiles not reaching the United States, challenging American advantages.