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Israel’s Attack on Iran: World War III Preview | TOME

Like countless other hostilities, the stealthy Israeli missile and drone strike on Iran doesn’t risk war. It is war.

The post Israel Attack on Iran Is What World War III Looks Like appeared first on The Intercept.

Israel Sparks Escalation to Drag U.S. Into War With Iran

Benjamin Netanyahu’s recklessness was fostered by blind U.S. support, but Israel is the one pushing its war with Iran out of the shadows.

The post Israel and Israel Alone Kicked Off This Escalation — In a Bid to Drag U.S. Into War With Iran appeared first on The Intercept.

Joe Biden’s State of the Union Speech Omissions | TOME

The president’s speech made no mention of the forever war continuing in the Middle East.

The post What Joe Biden’s State of the Union Speech Didn’t Mention appeared first on The Intercept.

Saudi-US Trade Surges by 39% in 2022: Report

RIYADH: Oil and fertilizer exports helped Saudi Arabia record a 39 percent surge in trade with the US in 2022, demonstrating strengthening ties between the two nations.   According to a report by the US-Saudi Business Council, the total trade value reached SR130 billion ($34.7 billion), fueled by both an uptick in Saudi oil exports and a record-breaking non-oil trade. Notably, non-oil exports from Saudi Arabia to the US in 2022 touched SR10.1 billion, marking a 10 percent increase from the previous year.

Oil Prices Head for Second Weekly Loss on Demand Concerns

SINGAPORE: Oil prices looked set to post their second straight weekly loss as they continued to fall on Friday over demand concerns and skepticism that the US and Iran could strike a nuclear deal, according to Reuters. Brent crude futures dropped 35 cents, or 0.5 percent, to $75.61 a barrel by 7:04 a.m. Saudi time, while the US West Texas Intermediate crude futures eased 35 cents, or 0.5 percent, to $70.94.

Petrochemical JVs for Energy Security: Saudi Arabia and China

RIYADH: Saudi Arabia and China are collaborating to ensure safe energy supplies in their markets by planning to establish petrochemical joint ventures. Saudi Minister of Energy Abdulaziz Al-Saud held a meeting with the chairman of the National Energy Authority of the Republic of China, Zhang Jianhua, in Riyadh to discuss JVs that will transform crude oil into petrochemicals and develop innovative uses of hydrocarbons, nuclear energy and fuel.  Both nations are working to increase collaboration in the energy sector’s supply chains. 

“Global Power Shift: Universal Energy Access and Biodiversity Vital, Says WEF Official”

RIYADH: As the world steadily progresses on its energy transition journey, sustainability must not be the only item on the agenda, a top official at the World Economic Forum has insisted. During an interview with Arab News, Roberto Bocca, head of energy and materials and a member of the executive committee at the organization, said ensuring energy security is also essential as the world switches from traditional fuels to renewables. 

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