The United States will give $12 million in economic aid to Greenland and open a consulate on the island in a bid to strengthen mutual ties and counter growing Russian and Chinese interests in the Arctic.

Naval incidents in the Gulf have spotlighted the danger that a U.S.-Iranian skirmish could blow up into war. The two sides have little ability to communicate at present. They should hasten to design a military-to-military channel to lower the chances of inadvertent conflagration.

The combined impact of the oil war between Russia and Saudi Arabia and the fall in demand for crude oil during the coronavirus pandemic has led to the collapse of the oil market. Prices have plunged down to unchartered territory, from $18 a barrel to as little as minus $40 …