... policy towards them.
But the most serious headache for the Saudis in the context of the restoration of the JCPOA and the lifting sanctions on Iran is the oil market. As soon as Iran gets the opportunity to sell its oil, it will dramatically increase its market share. This will lower oil prices, as well as compel exporters to reduce their production. OPEC+, led by Saudi Arabia and Russia, will be forced to take additional measures to stabilize the market in the face of the ongoing coronavirus pandemic and ...
... of another exacerbation in U.S.–Iran relations and the United States imposing more sanctions on Tehran.
Nobody has claimed responsibility for either of the incidents.... ... hinting at the possibility of deliberate provocation by one of its many opponents, from Saudi Arabia to Israel.
Ivan Timofeev:
The Tanker Incident in Gibraltar: Non-Obvious... ... not to mention liquefied natural gas from Qatar, the world’s second-largest (after Russia) exporter of natural gas. Multiple predictions were made concerning the possible...
... Chávez. It is also interesting that Venezuela's oil reserves are larger than Saudi Arabia's. It should be noticed as well that the current price crisis is... ... Venezuelan economy to a tough test, with the risk of default looming large. If the sanctions were to escalate, a script which has already been played more than once in... ... final blow. A hypothetical default would also have direct repercussion on China and Russia, which are owed important debts from Venezuela, and earlier in November consolidated...