Tag Archive for Oil Prices

Saudi Arabia’s Oil Politics on Syria

U.S. Secretary of State John Kerry delivers a greeting from President Barack Obama during a meeting with King Abdullah of Saudi Arabia in Riyadh on November 4, 2013. [State Department photo/ Public Domain]

Exclusive: Typically when crude oil prices plummet, Saudi Arabia cuts back production to stop and reverse the fall, but this time that hasn’t happened, raising questions about why. Is the reason business or geopolitics, possibly a way to punish Russia and Iran over Syria, asks Andrés Cala.

Economic Blowback from Iran Sanctions

Iranian President Hassan Rouhani at a press conference in Iran. (Official Iranian photo)

Economic sanctions have notched some successes, like freeing Nelson Mandela and ending South Africa’s apartheid, but other sanctions have lost sight of practical reforms and become destructive ends in themselves, as ex-CIA analyst Paul R. Pillar notes about Iran.