Results for Category: International Affairs

58 results found.
Tankers and task forces: The US-Iranian war dance

The imbalance of forces between the US and Iran all but assures Washington of military dominance over Iran. Tehran knows this, and the country can hardly want to face an invasion. Plus, the apparent failure of explosives in the two seaborne attacks does not do much for the reputation of the Iranian military. However, both the ramping up of military rhetoric and the spectre of a long-time enemy looming large plays well politically for both the Trump and Rouhani governments.

Global Oil Prices at Risk following Saudi Aramco Attack

Considering the target and extent of the attack, oil prices have remained relatively stable. There could be well-founded concerns on the horizon, however, given the less than clear messaging on the damage caused to the Saudi facility and its ability to fulfil supply commitments. We could, in fact, see oil prices rise well above the norm while any other hits in oil-producing countries could tip the balance.

The EU Has Figured Out a Way to Trade with Iran. Here’s What You Need to Know

In the background, the Islamic Revolutionary Guard Corps captured the British tanker Stena Impero and its 23 crew members in the Gulf on 19 July, provoked by the UK detaining an Iranian tanker off Gibraltar to stop it taking oil to Syria, which some reports indicate followed pressure from the US. The EU has remained fairly silent on the matter, and Britain is contending with a possible no-deal Brexit under newly appointed prime minister Boris Johnson. While these issues remain separate from INSTEX, the mechanism’s application, membership, scope and survival could prove to be a diplomatic minefield in the current geopolitical environment.

Why does China keep buying oil from Iran? Look at China and Iran’s long history of political and economic ties

Iran’s main bet on defying U.S. pressure is whether it can find parties that can help circumvent U.S. sanctions, especially in its oil exports. China is one of Iran’s major importers and seems to eye a strategic interest in supporting Iran’s policy of resisting U.S. maximum pressure. But the question is: to what extend can China support Iran’s resistance?