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Suddenly, Western “Regime” Changes Keep Failing
Suddenly, Western “Regime” Changes Keep Failing It used to be done regularly and it worked: The West identified a country as its enemy, unleashed its professional propaganda against it, then administered a series of sanctions, starving and murdering children, the elderly and other vulnerable groups. If the country did not collapse within months or just […]
Will Europe Ever Shake Its Dependence On Russian Energy?
Will Europe Ever Shake Its Dependence On Russian Energy? Much of the current discourse over Europe’s economic “independence” has revolved around its increasingly-tense relationship with the Trump administration over foreign policy issues such as trade and Iran. This focus has sidelined another important development, however: portions of the European energy industry—a major pillar of the […]
US sanctions on Venezuela could lead to higher gas prices
US sanctions on Venezuela could lead to higher gas prices MANDEL NGAN/AFP/Getty Images The Trump administration announced last week it would impose sanctions on Venezuela’s state-run oil industry. That could lead to higher energy prices, especially in wake of the US withdrawal from the Joint Comprehensive Plan of Action. Together with Iran sanctions, analysts say the […]
Will Iran Sanctions Herald the Fall of the Imperial Dollar?
Will Iran Sanctions Herald the Fall of the Imperial Dollar? When the Trump administration unilaterally pulled out of the Iran nuclear agreement in May 2018 and announced it would reimpose sanctions against Iran, the European Union (EU) declared its commitment to preserving the agreement and finding ways for its companies to circumvent U.S. sanctions. Now, […]
EU, UK, Russia and China Join Together to Dodge US Sanctions on Iran
EU, UK, Russia and China Join Together to Dodge US Sanctions on Iran The UN General Assembly (UNGA) in New York is a place where world leaders are able to hold important meetings behind closed doors. Russia, China, the UK, Germany, France, and the EU seized that opportunity on Sept. 24 to achieve a real […]
‘It’s the Economy, Stupid’: What Really Drives US Sanctions Against Russia
‘It’s the Economy, Stupid’: What Really Drives US Sanctions Against Russia The US Department of Commerce has imposed restrictions on 12 Russian corporations that are “acting contrary to the national security or foreign policy interests of the US.” The notice has been published in the Federal Register. US corporations are banned from exporting dual-use goods to the sanctioned […]
One Minute to Midnight: Latest US Sanctions Propel Nations Towards Risk of War
One Minute to Midnight: Latest US Sanctions Propel Nations Towards Risk of War The State Department’s announcement on August 8 that the US government was going to impose sweeping new economic sanctions on Russia over the still mysterious and unresolved Skripal Affair was a truly fateful one. The famous Doomsday Clock of The Bulletin of the […]
Oil Markets Are In For A Bumpy Ride
Oil Markets Are In For A Bumpy Ride The always-volatile oil market is set for even more volatility over the next two years as investors and speculators try to make sense of the conflicting market forces determining the pace of demand growth and global oil supply. Over the past month, the two key themes have […]
“All Bets Are Off” – Ruble, Lira Crushed By US Sanctions
“All Bets Are Off” – Ruble, Lira Crushed By US Sanctions Emerging Market currencies are down broadly but the biggest losers (for now) are the Turkish Lira (record lows) and Russian Ruble (20-mo lows) as both suffer from US government actions. The Ruble has broken down to its lowest since Nov 2016 (US election)… The […]
How Much Iranian Oil Can Trump Disrupt?
How Much Iranian Oil Can Trump Disrupt? Oil prices surged following President Trump’s withdrawal from the Iran nuclear deal. So, what happens next? Trump did not offer any new justification for how Iran was violating the nuclear accord – the IAEA confirmed on May 9 that Iran is in compliance with its nuclear commitments – […]
Iran Bans Use Of US Dollars In Trade
Iran Bans Use Of US Dollars In Trade In what may be a preemptive move against further US sanctions, Tehran announced that going forward, merchant purchase orders that are denominated in US Dollars would no longer be allowed to go through import procedures. According to the state-owned IRNA news agency, the policy is in line […]
Analysis: Venezuela’s oil production plummets amid chaos and industry defections
Analysis: Venezuela’s oil production plummets amid chaos and industry defections Staggering debt, crumbling equipment and infrastructure, and mass worker resignations, have set back Venezuela’s oil industry decades, with experts saying they see scant prospects of any turnaround. Crude output of 1.70 million b/d lowest since strike in 2003: Platts survey Lack of safety protocols could […]
Venezuela Bankrupt? Caracas Fails To Make Sept 15 Interest Payment
Venezuela Bankrupt? Caracas Fails To Make Sept 15 Interest Payment Exactly one week ago, we wrote that a “Venezuelan default is only a matter of time”. We said that “while debt servicing has been a government priority, declining external liquidity and a deteriorating domestic situation (three-digit hyperinflation, shortages, and a political crisis between the government […]
Venezuela Headed For “Messiest Debt-Restructuring In History” Thanks To US Sanctions
Venezuela Headed For “Messiest Debt-Restructuring In History” Thanks To US Sanctions After being effectively shut out from global financial markets – a situation that was made more precarious by US sanctions prohibiting purchases of Venezuelan debt (unless you’re buying them off Goldman Sachs, should the bank’s asset-management arm desire to liquidate its $3 billion “hunger […]