Egyptian President Abdel Fattah El-Sisi said on Wednesday his country does not support a military escalation in regional tensions between Saudi Arabia and Iran. Continue reading
Riyadh and other Gulf capitals reportedly will insist they will have ‘whatever the Iranians have,’ as Camp David summit gets underway
Saudi Arabian officials are warning that they will seek to match Iran’s nuclear arsenal, a US newspaper reported Thursday, as US President Barack Obama and leaders from six Gulf nations — including Riyadh — convened outside Washington to work through tensions sparked by the US bid for a nuclear deal with Tehran, a pursuit that has put regional partners on edge.
Along with Saudi Arabia, smaller Arab countries also say they also plan to pursue a nuclear weapons program to offset Iran’s, portending a much-feared nuclear arms race in the Middle East, according to the New York Times.
“We can’t sit back and be nowhere as Iran is allowed to retain much of its capability and amass its research,” one Arab leader attending the Camp David summit told the New York Times. Continue reading
The lightening coup which Wednesday, July 3, overthrew President Mohamed Morsi put in reverse gear for the first time the Obama administration’s policy of sponsoring the Muslim Brotherhood movement as a moderate force for Arab rule and partner in its Middle East policies. debkafile reveals that the Egyptian military could not have managed their clockwork coup without the aid of Saudi and Dubai intelligence and funding.
Saudi Arabia and the UAE threw their weight and purses behind Egypt’s generals aiming to put their first big spoke in the US-sponsored Arab Revolt (or Spring), after they failed to hold the tide back in Libya, Egypt and thus far Syria. Continue reading
Sanctions, while having somewhat of an impact on the Iranian economy, are not effective enough. History tells us that third world economies have no bottom — especially those with a solid oil revenue foundation and a long list of alternative clientele. They have also stopped trading oil in dollars.
LONDON — Iran, facing Western sanctions and attack threats, has been
quietly storing millions of barrels of crude oil in the Gulf.
Industry sources said the Teheran regime, which oversees production of 3.5 million barrels per day, was preparing for an international embargo on fuel exports to Iran.
Full article: Showdown: Iran stockpiling oil by the millions of barrels in tankers (World Tribune)