5 Reasons why Saddam Hussein thought he could invade Kuwait and win
On Aug. 2, 1990, Iraqi tanks and infantry steamrolled across Kuwait in an invasion and occupation that took all of two days. The Iraqi dictator blamed Kuwait for slant drilling…
U.S. seeks to seize Iran gasoline shipments heading to Venezuela
U.S. prosecutors have filed a lawsuit to seize the gasoline aboard four tankers that Iran is currently shipping to Venezuela, the latest attempt to increase pressure on the two sanctioned anti-American allies.
The civil-forfeiture complaint fi…
Trump says he would impose tariffs on oil imports if Russia, Saudi Arabia fail to cut
WASHINGTON — U.S. President Donald Trump said he would “absolutely” impose tariffs on oil imports if Russia and Saudi Arabia cannot reach an agreement to cut crude oil production.
“If they don’t get along, I would do that. Very substantia…
The Russia-Saudi oil price war and U.S. national security
On 18 March, U.S. crude oil prices fell to their lowest level in 18 years. The following day, momentarily distracted from their hype of the coronavirus pandemic, pundits and analysts reminded us again that low oil prices are the result of Saudi Arab…
The reasons and risks behind Russia’s big oil bet
For years now, Russia has been laser-focused on insulating itself from an external economic shock.
It may have just sparked one.