Iran

Jeffrey Sachs Destroys Hillary Clinton's Foreign Policy Speech

"Clinton is a deeply flawed and worrisome candidate. Her record as Secretary of State was one of the worst in modern U.S. history; her policies have enmeshed America in new Middle East wars, rising terrorism and even a new Cold War with Russia. Clinton is intoxicated with American power. She has favored one war of choice after the next: bombing Belgrade (1999); invading Iraq (2003); toppling Qaddafi (2011); funding Jihadists in Syria (2011 till now). The result has been one bloodbath after another, with open wounds until today fostering ISIS, terrorism, and mass refugee flows"

Iran Oil Exports Soar As Offshore Tanker Armada Comes To Tehran's Rescue

More than 25 European and Asian-owned supertankers are shipping Iranian oil, data seen by Reuters shows, allowing Tehran to ramp up exports much faster than analysts had expected following the lifting of sanctions in January. Iran was struggling as recently as April to find partners to ship its oil, but after an agreement on a temporary insurance fix more than a third of Iran's crude shipments are now being handled by foreign vessels.

Hillary Clinton Is The Clear Candidate Of The War Party

Last week, Hillary Clinton gave up trying to compete with Bernie Sanders on domestic policy. Instead, she zeroed in on the soft target of Donald Trump’s most “bizarre rants” in order to present herself as experienced and reasonable. Evidently taking her Democratic Party nomination for granted, she is positioning herself as the perfect candidate for hawkish Republicans.

Does Iran Have The Upper Hand In OPEC Oil War

The fight between the two for supremacy in the Middle East region is unlikely to end anytime soon. Currently, supply outages to the tune of 3.5 million b/d are supporting the oil prices by creating a balance between demand and supply. Once Nigeria, Libya, and Canada resume pumping at their normal levels, the effects of the struggle between Iran and Saudi Arabia will be felt. If both increase production, the world will be awash with oil, pulling prices back to the mid $30/barrel levels.

How Americans Came To Die In The Middle East

The writing of this historical synopsis is an attempt by this former artillery officer with a father buried in a veteran’s cemetery to understand why brave Americans were sent to their death in the Middle East and are still dying there. The hope is that we finally can learn from history and not keep repeating the same mistakes.

Oil Tumbles After OPEC Fails To Reach Oil Freeze Agreement

The anticlimatic conclusion to today's OPEC meeting came earlier courtesy of Bloomberg which moments ago reported that OPEC has failed to reach a new oil supply agreement, but that it has agreed to appoint a Nigerian candidate for new OPEC secretary general.

Frontrunning: June 2

  • Global stocks struggle as ECB and OPEC meetings loom (Reuters)
  • Iran Resists Saudi Gesture for Unity as OPEC Fractures Reappear (BBG)
  • Clinton to blast Trump on North Korea, NATO in foreign policy speech (Reuters)
  • Hillary Clinton Shifts to California as Race Tightens There (WSJ)
  • Puerto Rico’s U.S. Rescue Won’t Come Soon Enough to Halt Default (BBG)

Global Markets Flat, Coiled Ahead Of Today's Risk Events: OPEC And The ECB

There are just two drivers setting the pace for today's risk mood: the OPEC meeting in Vienna which started a few hours ago, and the ECB's announcement as well as Mario Draghi's press statement due out just one hour from now. Both are expected to not reveal any major surprises, with OPEC almost certainly unable to implement a production freeze while the ECB is expected to remain on hold and provide some more details on its corporate bond buying program, although there is some modest risk of upside surprise in either case.

So, You Thought Slavery Was Dead? Think Again

Nearly 46 million human beings are subject to slavery, a new report released this week concluded. According to the third annual Global Slavery Index, which gathers and analyzes surveys conducted by Gallup, the number of people forced into “modern slavery,” or “human trafficking, forced labour, debt bondage, forced or servile marriage or commercial sexual exploitation,” rose from 35.8 million to 45.8 million since 2014 — a 28 percent increase.

Is Obama's Entire Foreign Policy Going Down In Flames?

Is Obama’s entire foreign policy going down in flames? Or will the entire world end up burning? The NATO summit on July 8-9 this year will probably provide the best advance indication of which of those two will be the outcome from all this.