Tag: oil

Erdogan’s Staunch Independence Pays Off: Turkey to be Granted Sanctions Waiver Over Iranian Oil

While today’s headlines have been dominated by the long awaited moment when the US has officially re-imposed all pre-2015 sanctions against Iran as well as new Trump era sanctions, the far more crucial story in respect of immediate global developments surrounds the question of ‘which eight countries will receive sanctions […]

Venezuela’s Formal Abandonment of The Dollar Presents Both Opportunities And Challenges For China

Venezuela embraces the Chinese and pan-European currency as sanctions make the greenback untenable  This week Venezuela officially announced what was already a de-facto reality due to years of increasingly hostile sanctions from the US Treasury Department. Caracas will no longer sell its oil or conduct other forms of bilateral trade […]

Trump’s Full Quote About Saudi Arabia Makes it Clear That Washington Will Not Sanction Riyadh Over Jamal Khashoggi

Trump rules out sanctions on military equipment sold to Saudi Arabia  Donald Trump recently gave an interview with CBS news in which he stated that if it is proved that Saudi Arabia’s leadership ordered the  murder of Saudi born journalist Jamal Khashoggi, there would be “severe punishment” levelled against Riyadh. […]

The OPEC+ Format Allows Russia New Ways of Leveraging The United States in The Age of Multipolarity

China and Russia – two superpowers with very difference leverage techniques against US threats  When compared with China, Russia generally has fewer tools at its disposal to leverage US threats, provocations and economic blackmail in the form of sanctions or tariffs. China of course has the ability to outproduce the […]