Tag: Iran

China’s Economic Stake in the Middle East: Its Thirst for Oil

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China has cast itself as a neutral geopolitical player in the Middle East. It brokered a deal in March to help Iran and Saudi Arabia restore relations. And in the days since Hamas attacked Israel from Gaza, China has tried to keep its distance, with a government spokesman calling the country “a common friend of both Israel and Palestine.” Yet China’s stakes in the Middle East are high, particularly if the war now being fought in Israel and Gaza were to broaden through the region. One big reason: Oil. No…

US behind more than a third of global oil and gas expansion plans, report finds

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The US accounts for more than a third of the expansion of global oil and gas production planned by mid-century, despite its claims of climate leadership, research has found. Canada and Russia have the next biggest expansion plans, calculated based on how much carbon dioxide is likely to be produced from new developments, followed by Iran, China and Brazil. The United Arab Emirates, which is to host the annual UN climate summit this year, Cop28 in Dubai in November, is seventh on the list. The data, in a report from…

U.S. Seized Iranian Oil Over Smuggling Incident That Escalated Tensions in Gulf

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The United States government has seized nearly one million barrels of Iranian crude oil that it says was being smuggled to China in violation of U.S. sanctions against Iran, after it raised the threat of prosecution to get the tanker brought to American waters, newly unsealed court papers show. The seizure of the oil from the vessel, the M/T Suez Rajan, is part of a larger and shadowy conflict with Iran. After the tanker began to steam toward the United States last spring, Iran’s Revolutionary Guards Corps seized two oil…

The BRICS Group Announces New Members, Expanding Its Reach

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The BRICS club of emerging nations — Brazil, Russia, India, China and South Africa — was at a crossroads when its leaders arrived in South Africa earlier this week for their annual summit. Should it follow the path of more moderate members like India and try to work within the Western-dominated global system? Or should it tack toward China by adding new members that would signal stricter opposition to the United States? On Thursday, the bloc revealed its decision, adding six new countries, including the staunchly anti-Western Iran, in an…

Brics to admit six new countries to bloc including Iran and Saudi Arabia

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The five Brics nations – Brazil, Russia, India, China and South Africa – have announced the admission of six new countries from next year as the club of large and populous emerging economies seeks to reshape the global order. Argentina, Ethiopia, Iran, Saudi Arabia, Egypt and the UAE are to become full members from 1 January 2024, the group announced at its summit in South Africa. “This membership expansion is historic,” said the Chinese president, Xi Jinping, whose country is the most powerful in the group of non-western states that…

BRICS May Add More Countries to the Group. Here’s What to Know.

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Dozens of countries have expressed interest in joining BRICS, a group encompassing Brazil, Russia, India, China and South Africa that views itself as a counterweight to the West, and is meeting this week in Johannesburg. Argentina, Egypt, Indonesia and Saudi Arabia are thought to be among those most likely to be admitted. Iran has also expressed interest. China’s leader, Xi Jinping, backs expanding the group. But Prime Minister Narendra Modi of India is said to be concerned about adding nations close to Beijing; India and China have border disputes and…

UAE, a US Ally, Looks to China and Russia for Deeper Ties

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The ruler of the United Arab Emirates, Sheikh Mohammed bin Zayed, is a key American ally who counts on the United States to defend his country. But he has traveled twice to Russia over the past year to meet with President Vladimir V. Putin, and in June, his country was celebrated as the guest of honor at the Russian leader’s flagship investment forum. Later this month, the Emirati and Chinese air forces plan to train together for the first time, a notable shift for an oil-rich Gulf nation that has…

The G.O.P. Backed Gal Luft on Hunter Biden Claims. Now He’s Indicted.

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The co-director of a Maryland-based research group who claims to have damaging information about Hunter Biden has been charged with arms trafficking, sanctions violations and acting as an unregistered agent for China, according to a federal indictment unsealed on Monday. In an eight-count indictment, prosecutors in the Southern District of New York accused Gal Luft, a dual U.S.-Israeli citizen, of violating the Arms Export Control Act and the Foreign Agents Registration Act in brokering arms deals between Chinese companies, Iran and countries in the Middle East. Mr. Luft, promoted by…

How Russia’s Allies May React to Prigozhin’s Mutiny Against Putin

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Even before President Vladimir V. Putin of Russia broke his public silence on Monday about the aborted mutiny that brought rogue troops to within 125 miles of Moscow, he was on the phone to the leaders of Iran, Qatar and other friendly countries, soaking up their expressions of support while presumably promising a return to stability. For Mr. Putin, who has cobbled together a surprisingly sturdy list of countries that either back his war on Ukraine or have stayed neutral, it was a much-needed display of mutual reassurance. Russia’s message,…

Russia Denounces West Over Drone Strike on Moscow

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A day after a drone strike on Moscow, Kremlin officials jumped on the refusal of Ukrainian allies to denounce the attack as proof that Russia’s real war was with the West. The Kremlin’s spokesman, Dmitri S. Peskov, said Russia “would have preferred to hear at least some words of condemnation” from Western capitals. “We will calmly and deliberately think how to deal with this,” he said. While none of Ukraine’s allies went so far as to endorse the drone attack, Britain’s foreign secretary said on Tuesday that Kyiv had “the…