Tag: Oil

China & the Axis of the Sanctioned

The decline in U.S. diplomatic influence in the Middle East reflects not just Chinese initiatives, writes Juan Cole, but Washington’s incompetence, arrogance and double-dealing over three decades in the region. 

Behind the Saudi Oil-Price Gambit

Exclusive: Saudi Arabia is wielding its oil weapon by keeping production high and prices low all the better to punish some rivals and consolidate market share but the gambit may come back to bite the House of Saud, as Andrés Cala…

The Oil-Crash Diplomatic Mirage

Official Washington’s latest “group think” is that the drop in oil prices will bring Russia and Iran to their knees ready to do whatever the U.S. demands. But this analysis is a miscalculation that could cause President Obama to miss…