Iran hits aircraft carrier , foundational instrument of American global power projection since the Second World War

confrontation. And it is the story that matters most for understanding what the world looks like on the other side of The aircraft carrier has been the foundational instrument of American global power projection since the Second World War. The ability to put a carrier anywhere on Earth within days and sustain combatoperations from it indefinitely is what has underwritten American security guarantees to allies across the Pacific 18:27 and the Middle East and Europe for eight 18:29 decades. It is the physical 18:31 manifestation of American strategic 18:33 primacy. That instrument has now been hit twice by a regional power using 18:37 weapon systems that cost a small 18:40 fraction of what the carrier itselfprimacy. That instrument has now been hit twice by a regional power using 18:37 weapon systems that cost a small 18:40 fraction of what the carrier itself 18:41 represents. A ballistic anti-ship 18:44 missile capable of threatening a$1 13 18:46 billion carrier costs somewhere in the 18:48 range of $2 million. The ratio of threat 18:51 cost to target value is not just a 18:53 financial observation. It is a strategic 18:55 revolution. The economics of powerrange of $2 million. The ratio of threat 18:51 cost to target value is not just a 18:53 financial observation. It is a strategic 18:55 revolution. The economics of power 18:57 projection have been inverted and that 18:59 inversion does not go back in the box 19:01 after a ceasefire. Every navy in the 19:03 world is studying what happened in the 19:05 Gulf right now. The technical details, 19:07 the sequencing, the timing, the specificafter a ceasefire. Every navy in the 19:03 world is studying what happened in the 19:05 Gulf right now. The technical details, 19:07 the sequencing, the timing, the specific 19:10 limitations in the American defensive 19:12 architecture that the attack exploited. 19:14 China's naval planners are updating 19:16 their Taiwan scenario assessments. 19:19 Russia's strategic analysts are revising