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looking beyond borders

foreign policy and global economy

Archive for the tag “oil”

Facing Sanctions, Iran Pioneers Framework For Cooperation With Russia, China And India

With Iran’s convening of its first “Regional Security Dialogue” summit in late September 2018 with deputy national security advisors from Russia, China, and India, Tehran has taken a significant step toward creating a multilateral framework for Eurasian security cooperation in the face of renewed U.S. sanctions.  Ostensibly devoted to combatting terrorism in Afghanistan, the summit’s concluding declaration indicates a wide-sweeping stabilisation agenda extending from Syria eastward to include all of Central Asia.

Read Here – Daily News

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US Renews Iran Sanctions; India, China Get Oil Waivers

The United States snapped sanctions back in place to choke Iran’s oil and shipping industries, while temporarily allowing top customers such as India and China to keep buying crude from the Islamic Republic. Having abandoned a 2015 Iran nuclear deal, US President Donald Trump is trying to cripple Iran’s oil-dependent economy and force Tehran to quash not only its missile and nuclear programmes, but also diminish its influence in the Middle East.

Read Here – Mint

Regional Risks Of Rising U.S.-Iran Rivalry

The U.S. is pursuing a “maximum pressure” campaign against Iran that includes the re-imposition of key energy and banking sanctions. With Tehran refusing to capitulate over its nuclear program or regional policies, the U.S.-Iran rivalry could escalate across the region.

Read Here – International Crisis Group

The Real Problem With The Saudi’s ‘Davos In The Desert’

It was always hard to see why a semi-medieval Middle Eastern autocracy reliant on a single fossil fuel was the best place to discuss any of those issues. And it is just as hard to believe the world will be worse off for not hearing what the IMF’s Christine Lagarde or J.P. Morgan’s Jamie Dimon think about them.

Read Here – The Spectator

Bowing to the Saudis Is A U.S. Presidential Tradition That Goes Back To FDR

Donald Trump’s handling of Jamal Khashoggi’s apparently brutal murder in the Saudi consulate in Istanbul is not the first time that an American president has had to maneuver between our economic interests and purported U.S. values.

Read Here – Daily Beast

Saudi Arabia Has ‘No Intention’ Of Repeating 1973 Oil Embargo

Saudi Arabia has rejected suggestions that it may restrict global oil supply in response to international pressure over the death of journalist Jamal Khashoggi at its consulate in Istanbul. Asked whether there could be a repetition of the 1973 oil embargo when Saudi Arabia and its allies cut off oil supplies to the United States, the kingdom’s energy minister Khalid Al Falih said: “There is no intention.”

Read Here – CNN

Also Read: How the Khashoggi case and its fallout is affecting global business

Khashoggi Case Could Be Death Of US-Saudi Friendship

Until two weeks ago, Western officials could, and did, excuse MbS’s domestic authoritarianism by citing his apparent reordering of a Saudi Islam as being moderate rather than the extremist version which produced, via irresponsible religious education and charitable giving, 9/11 and the Islamic State. Not any longer.

Read Here – The Hill

Also Read: The Irony Of Turkey’s Crusade For A Missing Journalist

The EU Can’t Avoid U.S. Sanctions On Iran

At first shrill and chaotic, Europe’s outrage at Trump’s take-no-prisoners Iran policy has now found a bold and practical course of action. A core group of creative European civil servants has devised several economic mechanisms meant to demonstrate the EU’s continued support for the nuclear deal, deliver Iran its economic benefits, and assert Europe’s ability to take its own policy path.

Read Here – Foreign Affairs

U.S.-Iran Skirmish Is The Prelude To A Larger Battle

U.S. and Iranian leaders traded insults in public at the U.N. General Assembly this week, but that’s a minor skirmish compared to the coming battle between the two adversaries. The U.S. government is about to launch its toughest sanctions yet to tighten the noose around the neck of the Tehran regime — a bold but risky gambit that places America opposite its oldest allies.

Read Here – The Washington Post

The Slow, Dangerous Implosion Of Saudi Crown Prince Muhammad Bin Salman

Crown Prince Muhammad bin Salman (MBS) now stands alone at the top of the hierarchy, but he has lost many constituencies that allow him to rule without resorting to direct force. This situation is unsustainable and even dangerous. There’s been a serious erosion of regime legitimacy, and this is leading to a slow implosion from within.

Read Here – Newsweek

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