Following the resignation of the finance minister and his replacement by a loyalist on Dec. 2, the Turkish lira continued its steady decline against the dollar, bringing its losses for the year to nearly 50%. The Turkish currency is once again under speculative attack, similar to previous episodes in July …

When President Joe Biden’s White House announced that it had successfully enlisted several major oil-consuming countries in an effort to coordinate releases from strategic petroleum reserves (SPRs) around the world, it looked like this would be the only major factor in oil markets that OPEC+ would need to consider at …

Ahead of the seventh round of the Iran nuclear negotiations that ended on Dec. 3 in Vienna, many observers interpreted Ebrahim Raisi’s election to the presidency and his recent rhetoric as representing a distinct shift in Iran’s nuclear strategy. Indeed, in November, Raisi’s government’s official newspaper Iran explained that Tehran’s …