Yearly Archives: 2021

Chinese maritime militia threatens order in South China Sea, US think tank says

Hundreds of Chinese maritime militia vessels are operating in contested areas of the South China Sea on a consistent basis, according to a new U.S. think tank report that says this poses a significant challenge to “maritime order rooted in international law.” The Washington, D.C.,-based Center for Strategic and International …

Read More »

Austin: U.S. ‘Committed to Preventing Iran From Gaining a Nuclear Weapon’

America’s allies and partners in the Middle East and elsewhere share deep concerns about the Iranian government’s destabilizing actions — including its support for terrorism, its dangerous proxies and its nuclear program, Secretary of Defense Lloyd J. Austin III said. The secretary delivered a major policy speech on the Middle …

Read More »

How OPEC Shook Off a Historic Crash to Successfully Stabilize Oil Markets

The global clout of OPEC, never one of the world’s most admired institutions, reached a nadir in April when a dispute between Saudi Arabia and Russia triggered a price war just as global oil demand was collapsing due to the coronavirus pandemic. Three months later, the cartel has re-emerged as …

Read More »

Greece Is Reshaping the Eastern Mediterranean Region

Developments in the Eastern Mediterranean region are unfolding at a breakneck pace. Blink an eye and one is bound to miss a new multilateral initiative, an impressive military exercise or even the creation of an international organization. Greece is very much in the middle of this diplomatic and military frenzy, …

Read More »

US Intel Reportedly Claims China Was Building Secret Military Facility in UAE Port

The Biden administration was concerned and reportedly cautioned the Emirati leadership that a Chinese military presence in the country could jeopardise bilateral relations. The alleged construction was reportedly suspended after a series of talks and visits by US officials. US intelligence agencies found out this spring that China was secretly …

Read More »

Will Either Macron or Erdogan Back Down in the Eastern Mediterranean?

French President Emmanuel Macron has clearly decided to up the ante in a standoff with Turkey in the Eastern Mediterranean, where France is backing Greece and Cyprus in their dispute with Ankara over natural gas reserves and maritime boundaries. First, Macron ordered a temporary reinforcement of French aerial and naval …

Read More »

How a Huge New Gas Pipeline Boosts Russia’s Strategic Entente With China

Natural gas started flowing from Russia to China for the first time on Dec. 2 when Russian President Vladimir Putin and China’s leader, Xi Jinping, officially launched the initial phase of a huge new pipeline known as the Power of Siberia. Gazprom, Russia’s state-owned energy giant, claims it is expected …

Read More »

A Political Crisis Threatens to Derail Guyana’s Oil Boom

Despite growing signs of a dramatic and global economic downturn stemming from the coronavirus pandemic, the small South American country of Guyana appears poised for a period of spectacular economic growth. In its recent semiannual report on Latin America and the Caribbean, the World Bank forecasts a 4.6 percent contraction …

Read More »

Kremlin Raises Rhetoric After U.S. Cites ‘Real Concerns’ Over Russian Military Buildup Near Ukraine

The Kremlin has gone on a verbal offensive amid Western concerns over its military buildup near Ukraine, while stressing the importance of an unconfirmed Russian-U.S. presidential summit Moscow says is in the works. The Kremlin responded harshly on November 21 to U.S. Secretary of State Antony Blinken saying a day …

Read More »

Will Oman’s New Income Tax Be the Start of a Political Sea Change in the Gulf?

In early November, Oman’s government announced plans to institute an income tax on high earners by 2022. The policy will break precedent in the oil-rich Gulf, where states tend to pay their citizens, rather than requiring citizens to pay the state. The question now is whether this decision will fundamentally …

Read More »