The New Middle East
The latest twist in Washington’s strategy towards Iran perfectly illustrates the strategic confusion that now surrounds the Middle East. Only twenty-four hours after announcing a...
Tag: Istrael
The Art of Surrender: How Trump Turned Victory into Tehran’s Greatest Strategic Gift
Wars are normally judged by the territory conquered, the armies destroyed, or the regimes overthrown. Far less frequently are they judged by what ultimately emerges...
The Real Winner of the Iran War
For months, markets focused on the obvious losers. Iran suffered devastating infrastructure damage. Israel failed to achieve many of its strategic objectives. The United States...
Peace or Pause? The Hormuz Agreement Changes Everything, And Nothing
Financial markets reacted exactly as expected. Oil fell. Equities rallied. Bond yields eased. Investors celebrated what appeared to be the end of the most dangerous...
America’s Iran War Is Becoming Trump’s Political Trap
For months, Donald Trump attempted to project absolute confidence over the Iran conflict. The war would be short. Iran would bend under pressure. Oil markets...
Ceasefire on Borrowed Time
The war has not ended. It has merely paused, briefly, uneasily, under the sort of arrangement that looks like diplomacy from a distance and like...
The President of Oil, Trapped by His Own War
Donald Trump wanted to dominate energy. Instead, he has detonated its geography. What was sold, implicitly and then explicitly, as a campaign of force designed...
Victory at the Microphone, Panic in the Oil Market
Oil markets no longer listen to reassurance. They look at damage. That was the lesson of the latest session, one of the most violent since...
$100 Oil and the Strait of No Return
Oil does not whisper in wartime. It leaps. The global benchmark Brent crude surged more than 6% to trade near $78 a barrel, after spiking...