United States

Yesterday when we discussed the dramatic crash in the Turkish lira, resulting from the visa suspension drama at both Turkish and US consulates, we noted that "this is the currency's seventh consecutive decline, after dropping on Friday amid concern Fed tightening would hurt EM currencies, and should it persist may finally have an adverse impact on other EM currencies, not to mention various other local Turkish asset classes when markets reopen in a few hours."

There’s something deeply wrong at Creech Air Force Base, the notorious home of America’s drone program, where pilots remotely order US Reaper and Predator drones to unleash destructive missile strikes on unsuspecting villagers in Yemen, Libya, Iraq, Syria, Afghanistan and other war zones.

Authored by Cyril Widdershoven via OilPrice.com,

The geopolitical reality in the Middle East is changing dramatically.

The impact of the Arab Spring, the retraction of the U.S. military, and diminishing economic influence on the Arab world - as displayed during the Obama Administration - are facts.

President Trump is poised to announce over the coming days, that the landmark Iran nuclear agreement is no longer in the national interest of the United States. While the so-called “decertification” would not be the fatal blow to the Iran deal that Trump promised on the campaign trail, it would kick the issue back to Congress, which could potentially pull out of the deal entirely.

With tensions between Turkey and the US escalating dramatically and unexpectedly in the past few days, when first Turkish police on Wednesday arrested a local employee of the US embassy in Istanbul and charged him with espionage and an attempt to overthrow the government, which was following on Sunday afternoon by the US embassy in Turkey announcing that "effective immediately" it has "suspended all non-immigrant visa services at all U.S. diplomatic facilities in Turkey"...