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It’s On: Saudis Sever Diplomatic Ties With Iran, Will Confront Iranian “Hostility”
It’s On: Saudis Sever Diplomatic Ties With Iran, Will Confront Iranian “Hostility” Earlier today, as Iranian police struggled to disperse protesters gathered outside the Saudi consulate in Mashhad, we said the following about the rapidly deteriorating situation: If crude needed an excuse to rally, then surely this is it as it now appears that in addition to […]
Riyadh Feels the Pinch: The True Cost of Saudi Subsidies
Riyadh Feels the Pinch: The True Cost of Saudi Subsidies In downtown Riyadh, SUV-populated intersections and lushly landscaped parks leave little indication that Saudi Arabia is rapidly depleting its oil and water resources. The Saudi predilection for gas-guzzling vehicles and water-intensive leisure spaces is hardly surprising- governmental subsidies have long obscured the true cost of […]
Putin Just Warned Global War Is Increasingly More Likely: Here’s Why
Putin Just Warned Global War Is Increasingly More Likely: Here’s Why Vladimir Putin is basking in Russia’s triumphant return to the world stage. What began with a land grab in Crimea and escalated with support for the separatists at Donetsk, culminated in Moscow’s dramatic entry into Syria’s protracted civil war. To be sure, the deplorable […]
“Proxy” War No More: Qatar Threatens Military Intervention In Syria Alongside “Saudi, Turkish Brothers”
“Proxy” War No More: Qatar Threatens Military Intervention In Syria Alongside “Saudi, Turkish Brothers” Earlier this week, Saudi foreign minister Adel al-Jubeir had the following message for Tehran: “We wish that Iran would change its policies and stop meddling in the affairs of other countries in the region, in Lebanon, Syria, Iraq and Yemen. We will make […]
Saudi clerics call for jihad against Russia in Syria – to back ISIS?
Saudi clerics call for jihad against Russia in Syria – to back ISIS? Militant Islamist fighters wave flags as they take part in a military parade along the streets of Syria’s northern Raqqa province. © Stringer / Reuters Dozens of Saudi Arabian clerics not officially affiliated with Riyadh have urged Muslims to support the fight […]
Saudi Oil Minister Puts On Brave Face Amid Severe Headwinds: “Eventually, Economic Producers Will Prevail”
Saudi Oil Minister Puts On Brave Face Amid Severe Headwinds: “Eventually, Economic Producers Will Prevail” As the EM world looks on helplessly while Saudi Arabia’s war with the US shale complex (and, by extension, with the Fed) serves to keep crude prices depressed putting enormous pressure on commodity currencies and accelerating emerging market outflows, the […]
How The War Party Betrayed America’s Non-Interventionist Foreign Policy Tradition
How The War Party Betrayed America’s Non-Interventionist Foreign Policy Tradition So Vladimir Putin in his U.N. address summarized his indictment of a U.S. foreign policy that has produced a series of disasters in the Middle East that we did not need the Russian leader to describe for us. Fourteen years after we invaded Afghanistan, Afghan […]
Dying Petrodollar Ripples Through Markets As Asset Managers Bemoan Loss Of Saudi Bid
Dying Petrodollar Ripples Through Markets As Asset Managers Bemoan Loss Of Saudi Bid One of the key things to understand about China’s liquidation of hundreds of billions in US paper is that far from being a country-specific phenomenon, it actually marks the continuation of something that’s been taking place in other emerging markets for some […]
Counterterrorism “Success Story” Fails Completely As Yemen Set To Split Into Two Countries
Counterterrorism “Success Story” Fails Completely As Yemen Set To Split Into Two Countries Late last month, as the fighting in Yemen continued unabated, Jeff Prescott, the National Security Council’s Senior Director for the Middle East said “there is no military solution to the crisis.” Saudi Arabia seemingly disagrees and that will reportedly be one topic […]
The Saudi Royals — Unchained
The Saudi Royals — Unchained Exclusive: With President Obama afraid of upsetting the Saudis anymore after the Iran-nuclear deal, he has given them pretty much a free hand to bomb and blockade Yemen. Meanwhile, the Saudi royals also are displaying their contempt for the United Nations and its Yemen peace efforts, Joe Lauria reports. By Joe […]
In Major Escalation, Yemen Rebels Fire Scud Missile Into Saudi Arabia
In Major Escalation, Yemen Rebels Fire Scud Missile Into Saudi Arabia Just two days after reports indicated that Yemen’s Iran-backed Houthi rebels were prepared to participate in UN-brokered peace talks with Abd Rabbuh Mansur Hadi’s government in exile, clashes on the Saudi border have intensified. On Friday, the Saudi press agency said it had used […]
Why Is Washington Supporting Saudi Arabia’s Massacre In Yemen?
Why Is Washington Supporting Saudi Arabia’s Massacre In Yemen? For a month now, the Saudi air force has been bombing Yemen to reverse a takeover of that nation of 25 million by Houthi rebels, and reinstall a president who fled his country and is residing in Riyadh. The Saudis have hit airfields, armor and arms […]
State Department Shuts US Embassy In ‘Ally’ Saudi Arabia Amid “Heightened Security Concerns”
State Department Shuts US Embassy In ‘Ally’ Saudi Arabia Amid “Heightened Security Concerns” Having recently noted The Kingdom’s new king’s decrees promising to support the poor and needy with more and more handouts (and to halt the rise of inequality), it is interestingly coincidental that, as The BBC reports, the US embassy in the Saudi capital […]
Saudis Cut Oil Prices Again In Bid To Maintain Market Share
Saudis Cut Oil Prices Again In Bid To Maintain Market Share. Saudi Arabia may have led the move to keep OPEC’s crude production high and thereby keep prices low, but that doesn’t mean it isn’t concerned about keeping its share of the global oil market. Riyadh evidently demonstrated that on Dec. 4 when it dramatically cut […]
