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In Unprecedented Clash, EU Rejects Italy’s Budget, Paves Way For Sanctions
In Unprecedented Clash, EU Rejects Italy’s Budget, Paves Way For Sanctions Yields on Italian government bonds fell on Wednesday morning as the euro climbed following reports that Italy’s ruling coalition might be open to reviewing its budget plan. Though the Italian government swiftly denied the reports about being open to changes in its plan, the […]
Nord Stream 2 Could Still Be Derailed By U.S. Sanctions
Nord Stream 2 Could Still Be Derailed By U.S. Sanctions The potential for more tensions in relations between the U.S. and Russia continue to mount. Late last week, U.S. Energy Secretary Rick Perry said that Washington could still impose sanctions related to the building of the controversial Nord Stream 2 pipeline, which would bring Russian […]
Washington’s Sanctions Machine
Washington’s Sanctions Machine Perhaps it is Donald Trump’s business background that leads him to believe that if you inflict enough economic pain on someone they will ultimately surrender and agree to do whatever you want. Though that approach might well work in New York real estate, it is not a certain path to success in […]
Iran Sanctions Could Backfire On U.S. Drillers
Iran Sanctions Could Backfire On U.S. Drillers The United States is upping the ante in its effort to sanction Iran, and its efforts may further complicate its ongoing trade war with China and affect the flow of oil worldwide. On August 16, the head of the new Iran Action Group, Brian Hook, announced that the […]
US Sanctions Foster Emergence of Multipolar World
US Sanctions Foster Emergence of Multipolar World Russia, Iran, China, and now Turkey are in the same boat, as all have become the target of US sanctions. But none of those nations has bowed under the pressure. Russia had foreseen the developments in advance and took timely measures to protect itself. The Turkish national currency, the lira, […]
Trump Blasts “Anyone Trading With Iran Will Not Be Trading With The U.S.”
Trump Blasts “Anyone Trading With Iran Will Not Be Trading With The U.S.” At one minute after midnight, the first round of renewed U.S. sanctions on Iran took effect, and in one of his earliest tweets since the presidential campaign, at 5:30am EDT, a sleepless Trump blasted out the “official” US position on countries that […]
Trump Warns Allies “Risk Severe Consequences” If They Violate Iran Sanctions
Trump Warns Allies “Risk Severe Consequences” If They Violate Iran Sanctions With the hours ticking by ahead of Washington’s re-imposition of a slew of economic sanctions on Iran, President Trump has just released a statement confirming the narrative he would prefer Americans believe. Just hours after the European Union issued a statement Monday ahead of […]
Russia’s Foresight Stands It in Good Stead
Russia’s Foresight Stands It in Good Stead Charles Maurice de Talleyrand, the famous French diplomat who served as foreign minister for Napoleon, said “The art of statesmanship is to foresee the inevitable and to expedite its occurrence.” Moscow realized that the US would continue its efforts to strangle Russia economically to make countermeasures inevitable. The Russian government […]
Trump Firmly In the Twilight Zone: Threatens Nord Stream 2 With Sanctions
Trump Firmly In the Twilight Zone: Threatens Nord Stream 2 With Sanctions Trump’s vise on the EU started with steel, progressed to cars, then to Iran, and now to a gas pipeline vital to the EU. The story of the day, not discussed in mainstream media, involves Nord Stream 2, a gas pipeline between Russia […]
America’s Incredible Shrinking Influence
America’s Incredible Shrinking Influence Just two weeks after President Trump pulled the US from the Iran nuclear agreement, his Secretary of State, Mike Pompeo, issued 12 demands to Iran that could never be satisfied. Pompeo knew his demands would be impossible to meet. They were designed that way. Just like Austria-Hungary’s ultimatum to Serbia in […]
Sanctioning the World, the US Inadvertently ‘Locks & Launches’ Multipolarism
Sanctioning the World, the US Inadvertently ‘Locks & Launches’ Multipolarism The commemorative medal had already been cast and published. It depicts profiles of Trump and Jong Un, facing each other, at the 12th June historic meeting – at which Jong Un was supposed to disavow and discard his nuclear armament, irreversibly, and then to accept […]
Russia Finance Minister: We Are Ready To Ditch The Dollar In Favor Of The Euro
Russia Finance Minister: We Are Ready To Ditch The Dollar In Favor Of The Euro In a testament to the success of the latest Trump sanctions against Russia, overnight Russian aluminum giant Rusal announced that its chief executive, Aleksandra Buriko, and half of its managerial board resigned to make sure the firm avoids U.S. sanctions […]
Oil Market Volatility Set To Soar This Month
Oil Market Volatility Set To Soar This Month After two months of an almost uninterrupted increase, crude oil is set for even more volatility on a string of political events that could see it either touch US$80 or even higher by the end of June or, conversely, slump to deep lows again. President Donald Trump […]
WTI Tops $70 For First Time Since Nov 2014 As Iran Deal Deadline Looms
WTI Tops $70 For First Time Since Nov 2014 As Iran Deal Deadline Looms With the Iran Deal looking increasingly fragile, front-month WTI futures have just traded above $70 for the first time since Nov 2014. $70 just happens to be the 50% retracement from the Aug 2013 highs to the Feb 2016 lows… As […]
Pompeo Lands In Saudi, Immediately Calls For New Iran Sanctions
Pompeo Lands In Saudi, Immediately Calls For New Iran Sanctions Well that didn’t take long. Just two days after being sworn in as US Secretary of State, former CIA Director Mike Pompeo arrived in Saudi Arabia on Saturday on a hastily-arranged visit to the Middle East to reinvigorate support for new sanctions against Iran. As […]
