The recent Saudi-Iranian clash is unlikely to affect oil markets for now, but the redistribution of political power between Saudi Arabia and Iran, along with the US disengagement from the Middle East might have long-term consequences for the region’s stability and global oil supply trends.
For the second time in days the U.S. Navy has saved Iranian fishermen. As you will recall, it was earlier this month that the Navy rescued Iranian fishermen being held by Somali pirates. That incident came amid rising tensions and threats from Iran that it would close the strategic Strait of Hormuz (through which 20 […]
There are plenty of legitimate arguments as to why more sanctions on Iran should not be pushed- they will not work, they hurt ordinary people while strengthening the leaders etc.- but the argument that sanctions should not be pushed because Iran can retaliate by closing the Strait of Hormuz is not one of them. The […]