Tag: OPEC
The Saudi-UAE alliance, once hailed as an unbreakable pillar in the region, is experiencing significant strain due to Yemen’s complexities, economic rivalry, energy diplomacy, the Qatar crisis, and power struggles in the region.
The war isn’t just being fought on the ground in Ukraine. It’s being fought in the capital markets. Oil is the most important market in the world, far more important than the US dollar or the US Treasury markets.
The so-called ‘secret deal’ which Biden thought he had secured in May was actually worthless due to the Saudis wanting to carry out an act of revenge against Biden and his stupid, empty threats.
We now have an embarrassment of ‘wars’ of which paradoxically, Ukraine is perhaps of lesser strategic import, Alastair Crooke writes.
