
Saudi Arabia Restores Pipeline Bypassing Hormuz Strait
The pipeline, which has a capacity of seven million barrels a day, is up and running again after suffering damage from the Iran conflict on April 8.

The pipeline, which has a capacity of seven million barrels a day, is up and running again after suffering damage from the Iran conflict on April 8.

Protests in Ireland and early fuel shortages in France point to mounting pressure as costs begin to feed through the economy.

Pakistani negotiators managed to ward off a threatened Tuesday night attack on Iranian infrastructure by the United States.

Three years after reducing its dependence on Russian gas, Europe is still heavily dependent on imported oil and on strategic routes. The supplier may have changed. The dependence has not.

The former adviser to the World Bank and the IDB believes the crisis will normalize within weeks, but will leave Europe weaker and more dependent.

The speech on Iran accelerates the energy shock and leaves Washington increasingly isolated from its own allies.

Brussels avoids speaking about it openly but the ghost of the 2020 COVID-19 crisis is beginning to reappear in the corridors of the EU.

Trump’s Wednesday night speech did not add any new substantial information and the idea of putting American troops on the ground in Iran was not mentioned.

Without support from either American voters or NATO allies, the U.S. president is still expected to claim the purpose of the Iran war—however vaguely stated—has been achieved.

The United States is right to demand more capable allies. What it cannot demand is that greater capability should mean automatic obedience.