Washington Has a War It Refuses to Name
Washington has discovered a new category of conflict. A war that cannot be called a war. JD Vance now argues that the confrontation with Iran...
Tag: oil
Europe’s Energy Crisis Is Becoming a Sovereign-Debt Crisis
Europe is entering winter with an energy problem. It may leave it with a fiscal one. The renewed fighting between the United States and Iran...
Trump Can Control the Oil. He Cannot Control the Politics
Donald Trump may have secured access to one of the largest pools of oil on earth. He has not secured the politics around it. The...
The More Iran Is Squeezed, the More Dangerous the Gulf Becomes
Donald Trump is making a different bet on Iran. If military power cannot force Tehran to capitulate, economic exhaustion might. Scott Bessent is expected to...
To Isolate Iran, Washington Must Confront the World
Scott Bessent has promised something extraordinary. The United States, he says, is preparing measures against Iran that would be unprecedented in the history of the...
The Next Supply Shock Is Already Underway
The next inflation shock may not begin with oil. It may begin with diesel shortages in Russia, dry fields in Europe and a growing inability...
Hormuz: The Illusion of Control
Donald Trump has declared that the United States has “total control” over the Strait of Hormuz. “It belongs to us,” he said, adding that Iran...
Oil Is No Longer Pricing Supply. It Is Pricing Control
For much of this year, oil markets have oscillated between panic and relief. Every diplomatic headline has produced optimism. Every military escalation has restored anxiety....
A War Without Peace
The ceasefire is over. The negotiations continue. This contradiction now defines the relationship between the United States and Iran. Over the weekend, both sides exchanged...