Authored by Andrew Korybko via Oriental Review,
Russia’s gargantuan $30 billion energy deal with Iran simultaneously accomplished four objectives that are central to the grand strategic goals behind Moscow’s “Ummah Pivot”...
War is coming...
This weekend's chaos in the middle east just got considerably more serious.
Yesterday we detailed reports that the Saudis intercepted a ballistic missile over the nation's capital Riyadh...
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The Lebanese Prime Minister, Saad al-Hariri, unexpectedly resigned on Saturday, saying in a fiery televised broadcast from Saudi Arabia that he feared for his life while also fiercely criticizing Iran. According to regional analysts, the move has "plunged Lebanon into crisis" amid heightened regional tensions.
Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.
Last December, the Iranian government of Hassan Rouhani passed a bill to change the name of Iran’s national currency from the rial to the toman. This would require a redenomination in which one zero was lopped off Iran’s unit of account, as 1 toman is equal to 10 rials. Without a change in the monetary and exchange rate regime, the proposed changes amount to a great illusion.
Iran has suggested isolating the US by ditching the dollar during a meeting yesterday with Russian President Vladimir Putin in Tehran.
Remonstrating against US threats to impose new sanctions and cancel the nuclear agreement, Ayatollah Ali Khamenei branded the US an enemy and urged Moscow to completely sever ties with the US currency: