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The Grand Chessboard : Iran Is the Centrepiece, but the Board Is Much Bigger.

By RecessionALERT on February 28, 2026 in Research Papers

On February 28, 2026, the United States and Israel launched what the world called a surprise attack on Iran. It was not. For those watching the board, every piece had been moving for months — Venezuela, Canada, Greenland, Cuba, Panama, Nigeria, and now Iran. This brief maps the full architecture, its internal logic, and what it means for energy markets, defence equities, critical minerals, and the tail risks that investors may be structurally underpricing. If the thesis holds, the board is larger than anyone is currently pricing

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