Bazaar Protest Sign of Iranian Pessimism

Currency laid out at an Iranian bazaar (Shutterstock)

by Djavad Salehi-Isfahani It’s not every day that Iran’s bazaar merchants close their shops to protest high prices. They are of course not protesting the high price of bread or chicken, whose prices have not increased, but of dollars, which… Continue Reading  

Putin Benefits from Trump’s Anti-Iran Sanctions

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by Mark N. Katz Russia is the one country that has arguably benefited the most from the Trump administration’s insistence that other countries (including America’s Western allies) reduce their petroleum imports from Iran to zero or face U.S. sanctions. Both… Continue Reading  

As Trump Goes Nuclear on Iranian Oil, Europe Must Match His Brinkmanship

Donald Trump (Gage Skidmore via Flickr)

by Esfandyar Batmanghelidj In the view of veteran observers of the oil industry, Trump has “gone nuclear.” Speaking during a background briefing on Tuesday, a senior state department official announced that the the Trump administration wants to completely eliminate imports… Continue Reading  

OPEC and President Trump: His Tweets Don’t Matter

Photo by Tech. Sgt. Rhonda Moraski

by Thomas W. Lippman There are several possible explanations for the tweet President Trump sent out on Wednesday criticizing the Organization of Petroleum Exporting Countries (OPEC) for the continuing rise in the price of oil. One is that he simply… Continue Reading  

Russia and the UAE Are Now Strategic Partners: What’s Next?

Vladimir Putin and Mohammed bin Zayed Al Nahyan

by Li-Chen Sim During a working visit to Russia last week, Sheikh Mohammed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, concluded a Declaration of Strategic Partnership with his host, Russian President Vladimir Putin. The elevation in bilateral… Continue Reading