U.S. And Israel To Discuss Military Drills For Different Iran Scenarios

U.S. talks with visiting Israeli Defense Minister Benny Gantz on Thursday are expected to discuss possible military exercises that would prepare for a worst-case scenario to destroy Iran’s nuclear facilities should diplomacy fail a senior U.S. official told Reuters. The talks follow an Oct. 25 briefing by Pentagon leaders to White House national security adviser Jake Sullivan  The U.S. official said on Wednesday, speaking on condition of anonymity said the U.S.-Israeli preparations, which have not been previously reported, underscore Western … Continue reading “U.S. And Israel To Discuss Military Drills For Different Iran Scenarios”

Iranian Nuclear Deal Revival Talks Seem Futile With Scaled Up Iran Uranium Efforts

Negotiations for the seemingly endless talks aimed at reviving the international nuclear agreement with Iran is set to start Monday involving the U.S., Britain, Germany, France, Russia, China and Iran. The elephant in the room is has Tehran advanced its nuclear work so much in the past two years that the 2015 deal can no longer be rescued? Iran’s new president has delayed restarting talks while pressing ahead with nuclear work. Iran is in no hurry after President Donald Trump … Continue reading “Iranian Nuclear Deal Revival Talks Seem Futile With Scaled Up Iran Uranium Efforts”

Turkish Lira Slides to Seven Month Low, State Banks Sell US$1.5 Billion To Stem Fall

Turkey’s Lira hit a 7 month low after the U.S. assassinated Iranian Maj. Gen.Soleimani in an airstrike. Iran’s Supreme Leader Ayatollah Ali Khamenei Swore retribution after the US Turkish state lenders sold up to $1.5 billion to stem the lira’s fall on Friday,

Saudi Arabian Aramaco Oil Plant Attacked by Houthi Rebels Affects 5mbpd Production

Houthi rebels from Yemen launched successful drone attacks on the world’s biggest petroleum processing facility in Saudi Arabia Saturday. Reuters reports that up to 5 mbpd of production has been impacted, half of Saudi Arabia’s output. Fires reportedly under control but damages unclear.

Russia Says Agrees With Saudi Arabia to Extend OPEC+ Oil Production Cuts

Russian President Putin said that ahead of the OPEC+ meeting in Vienna that Russia and Saudi Arabia have agreed to extend the existing production cuts for another 6=9 months.  The U.S. is near record productions and exports. The cuts promised are at 1.2 bpd by OPEC and Non-OPEC.

Iran Threatens To Follow North Korea And Withdraw From Nuclear Treaty

With world leaders heading to Japan and an OPEC meeting next week the WSJ reports Iran warned Thursday that if the 2015 nuclear agreement unravels, it would follow North Korea and quit a treaty aimed at stopping the spread of nuclear weapons.