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Tag: Iran
Lethality and Testosterone Will Get Us Only So Far
Enemy drones over Romania. Wayward missiles in Poland. Sabotage in Germany. Every week brings some new Russian provocation as President Vladimir Putin steps up his efforts to divide Europe and undermine support for Ukraine. As Western militaries scramble to respond, the prospect of the war spilling over into NATO territory rises. The problem of escalating instability, unfortunately, is not confined to Europe’s eastern frontier. The danger of war between America’s autocratic adversaries and our democratic allies is rising around the world for one simple, troubling reason: The enemies of liberal…
Oil Is Flowing From the Persian Gulf, but Prices Remain High. Why?
More oil is flowing from the Middle East than at any point since the start of the war with Iran, yet crude still costs almost $100 a barrel, much more than at other times when supplies were more constrained. That seeming conundrum can partly be explained by a change in traders’ views about how long the conflict is going to last. Optimism that an enduring peace deal might be around the corner has given way to concern that hostilities could restart. In the meantime, the United States and other countries…
The Guardian view on Trump and Xi: a show of friendship, but no real attempt to address the tensions | Editorial
Within days, two high-profile Chinese visitors will arrive in the US – envoys of friendship, as Xi Jinping described them when he met Donald Trump at the White House this week. The giant pandas, Ping Ping and Fu Shuang, will be hosted at Atlanta zoo. Beijing dispatched the first panda pair to the US in 1972 following President Richard Nixon’s landmark visit to China. It uses the animals to indicate satisfaction or displeasure with other nations. But it also charges heftily for their lease: reportedly, around $1m a year per pair.…
Defiance, threats and a ‘rebirth’: five key points from day two of the UN’s big gathering
1. No bending the knee for Iran Iran’s president, Masoud Pezeshkian, balanced defiance against the US with an openness to dialogue, in an address that had been in doubt as it was unclear he would be issued a visa to enter the country. “We have only defended ourselves. We are not terrorists,” he said. “Our innocent people have been the targets of cowardly attacks and aggressions imposed upon our country.” Referring to the United States, Pezeshkian added: “Yes, they did hit us, but we did not bend the knee.” The…
Putin arrives in India for Brics summit set to be dominated by Iran and Ukraine wars
Vladimir Putin has arrived in India’s capital of Delhi ahead of an 11-member Brics summit set to be dominated by wars in the Middle East and Ukraine, as well as economic challenges. The Russian president and his Iranian counterpart, Masoud Pezeshkian, were due to hold talks with India’s prime minister, Narendra Modi, while Chinese leader Xi Jinping was also expected to attend the two-day meeting. Putin arrived at Palam air force Station in Delhi, where he was greeted by India’s minister of state for external affairs, Kirti Vardhan Singh, according…
China denounces US threat of sanctions over trade with Iran
China has denounced the threat of US sanctions for its trade with Iran, saying any such measures would be illegal, and warned it would take “all necessary measures” to protect its national interests. Beijing’s rejection of the US threat of secondary sanctions for any country or entity continuing to trade with Tehran had been predicted. China buys an estimated 80% of Iran’s oil exports and has defied previous US efforts to limit the flow of revenue to the Tehran regime. Its statement of opposition raises the question of how far…
‘Economic D-day’: how desperate is Trump to end Iran war? — The Latest
The White House has threatened sanctions on any country that trades with Iran in another bid to economically isolate the country, as US military efforts falter. Launching what he called Operation Economic Outcast, the US Treasury secretary, Scott Bessent, compared it with D-day. China, Iran’s biggest trading partner, has already signalled that it will not cooperate with Trump’s attack on the Iranian economy. Lucy Hough speaks to Julian Borger, senior international correspondent – watch on YouTube The Guardian
The Heat on Treasury Secretary Scott Bessent Grows
Andrew here. Wowsers. Wall Street is buzzing about an opinion essay in The Wall Street Journal by Stanley Druckenmiller, a billionaire investor. Druckenmiller criticized Treasury Secretary Scott Bessent’s bond buyback plan, calling it a mistake — and, worse, suggesting it’s a stab at manipulating the bond market. Remember that Druckenmiller more recently employed Kevin Warsh, now the Fed chairman, who has argued that the government should intervene less in markets, not more. Read more below. The risks of Bessent’s multifront war Treasury Secretary Scott Bessent has spent much of August…
China is the biggest buyer of Iran’s oil. Could US sanctions threaten those ties?
The US has unveiled an expansion of sanctions that it says will cut off Iran’s economic lifeline but stopped short of the most punishing measures, instead putting the world on notice to cease doing business with the Islamic republic. Treasury secretary Scott Bessent warned other countries would need to sever business ties with Iran or risk being forced out of the dollar-based financial system. He previously urged cooperation from China – the biggest buyer of Iranian oil for several years – although the US blockade of Iran’s ports, renewed in…