Why oil prices are up and what it ~ means ~ for you

“OPEC+, meaning the Organization of Petroleum Exporting Countries (OPEC), and its allies, the plus sign, announced it would cut production by over 1 million barrels of crude oil a day. For some context, there are about 100 million barrels of oil produced worldwide each

George W. Bush misrepresented our work at CIA to sell the Iraq invasion. It’s time to call him what he is: ‘A liar.’

“he lied. I want to be clear about what I mean by that. He knew what he was saying was not true. He took judgements from the intelligence community that were very uncertain, judgements that we put out there with very clear caveats — “we believe Iraq is continuing its nuclear program, but we have a low degree of certainty, blah blah blah” — he would just come out and state those things as fact. He did this over and over again. Just like Cheney saying that Mohamed Atta met with Iraqi intelligence in Prague, as a fact. When the truth was, there was a great deal of doubt about it. It was our job at CIA to stand fast, to keep those ridiculous notions under control. And we tried. But there was only so much we could do. The White House wanted a justification for the invasion.”
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” “people say that Bush was looking to justify the invasion of Iraq. He wasn’t. What he was looking for is something different — selling points. The decision to invade had already been made, and there was not any intelligence that was going to change their opinion. So this was not an effort to justify the war. It was an effort to sell the war publicly. That’s an important distinction. The Bush administration was very explicit about their Iraq obsession almost immediately when they took power. ”
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” When nobody knows what the president or vice president knew, or when they knew it, you get a situation where Bush can stand up and say, “Well, there were no WMDs, but we were given false information.” OK, no you weren’t. The trench view is no you weren’t. You demanded faulty intelligence, because you wanted only intelligence that was going to support this big extravaganza of invasion of Iraq, and you got it.”

The US’s empty commitment to a two-state solution

“The US policy does not take into account how entrenched the Israeli occupation of the West Bank and East Jerusalem has become. Israeli settlement growth in the West Bank has made a viable Palestinian state all but impossible. The US-led talks between Israel and the Palestine Liberation Organization have been on hiatus since President Barack Obama’s second term, and even at the time, there was little hope that they would amount to much. And Arab states like Morocco, UAE, and Bahrain have abandoned Palestinians, as they normalize relations with the State of Israel and eliminate any incentives for negotiations toward a Palestinian state.
Even establishment voices like former Ambassador Martin Indyk, who served as Obama’s Middle East envoy and is now a fellow of the Council on Foreign Relations, acknowledge that a one-state reality has set in.

To be fair, figuring out a new policy toward Israel and Palestine is no easy task. The US has come to be so dependent on Israel as a close security partner in the Middle East that it seemingly has overlooked its transgressions. Moreover, US politicians are reluctant to overhaul its approach and rankle influential domestic constituencies in the process.

But no good policy can rest on an outdated understanding of the facts on the ground. Clinging to a two-state solution that many leading Middle East experts do not view as workable is counterproductive and cedes US leadership. A commitment to a Palestinian state in name only cheapens and undermines its very possibility and boxes out the development of more practical policies that meet the moment. It leaves the US with few options in taking a leadership role in a place that’s central to US national interests and security.”

China’s Mideast buildup stirs security worries for U.S.

“Chinese state-owned firms are building up their presence near the Strait of Hormuz in the Middle East, a new report says, raising the risks of a future clash with U.S. interests in one of the world’s busiest oil transitways.
The growing footprint of Chinese commercial activity in the area, including billions of dollars in investments in oil pipelines and storage terminals alongside the Persian Gulf, is fueling worries from U.S. national security hawks who fear it could provide Beijing with dangerous influence over a major choke point for petroleum shipments.”

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“China has previously used spending on pipelines, ports and other commercial facilities to pave the way for military bases near strategic locations such as the mouth of the Red Sea, the CSIS authors write. Now, China’s investment in regional ports and infrastructure in Oman and the United Arab Emirates could provide an entry point for Chinese naval ships in the strait. Such ships already travel nearby waters to patrol against pirate vessels.”

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““Everything in the private industry in China is somewhat connected to the larger CCP or the PLA,” said the official, who was granted anonymity because he wasn’t authorized to be quoted in the media. “Even if you’re a private company, you might be called upon by the Chinese government to share intel.””

U.S. looks to shift air defense systems from Middle East to Ukraine, Raytheon chief says

“The goal is to send National Advanced Surface-to-Air Missile Systems to Ukraine in the next three to six months, CEO Greg Hayes said in an interview. The U.S. would then backfill those systems with new NASAMS in the Middle East over the next 24 months.

“There are NASAMS deployed across the Middle East, and some of our NATO allies and we [the U.S.] are actually working with a couple of Middle Eastern countries that currently employ NASAMS and trying to direct those back up to Ukraine,” Hayes said.
He noted that shifting systems from the Middle East is faster than building them in the U.S. “Just because it takes 24 months to build, it doesn’t mean it’s going to take 24 months to get in [the] country,” he said.”

It takes two years to build NASAMS because of the lead time required to buy electronic components and rocket motors, Hayes said.”

Why OPEC’s cuts shouldn’t have been a surprise — and may not hurt as much as you might think

“Gross’s take is straightforward: Arab states are simply pursuing their self-interest in keeping oil prices high. She cautioned against seeing the OPEC+ decision as a choice by the group between the US and Russia. Today is not like the Cold War, when many Middle Eastern states balanced between Washington and Moscow, seeking to extract maximum benefits from both superpowers and hedging in case either bloc won.
Besides, although the cut might boost oil prices, Gross says the prospects for Russia’s future oil revenues are potentially quite dim, as the G7 and the European Union prepare to implement new measures that could substantially reduce Putin’s proceeds from oil. Moreover, the actual production cut is likely to be around 1 million barrels per day — not 2 million — because many OPEC+ members weren’t meeting their quotas anyway, according to Gross.”

Israelis press U.S. not to rejoin Iran nuclear deal

“The 2015 nuclear deal, struck during Barack Obama’s presidency, lifted an array of U.S. sanctions on Iran in exchange for major restraints on its nuclear program. In 2018, then-President Donald Trump abandoned the deal, saying it was too weak and too narrow and he reimposed the sanctions while adding new ones. After about a year, Iran began violating the terms of the deal, including by enriching uranium to high levels and shutting out inspectors.

President Joe Biden has sought to rejoin the deal — he and his aides argued that it remains the best vehicle to contain an Iranian nuclear threat. Over nearly a year and a half, a period that included some long pauses, Biden’s emissaries have engaged in indirect talks with Iranian officials about reviving the agreement.

The two sides, whose discussions have been mediated primarily by European officials, have tangled on a variety of thorny topics. Those include: whether the U.S. will rescind Trump’s designation of Iran’s Islamic Revolutionary Guard Corps; the fate of a probe by the International Atomic Energy Agency into traces of nuclear materials at various Iranian sites; and Iranian demands for certain guarantees that the lifting of sanctions will lead to economic benefits — and that the U.S. won’t pull out of the deal under a different president.

Biden has said he will not rescind the IRGC’s terrorism designation, and the IAEA has indicated it will not give up on the probe.

Iran recently responded to a European draft proposal on reviving the deal with comments mostly focused on sanctions and economic guarantees. U.S. officials have been looking at the Iranian demands and preparing their own response, which may be sent to European negotiators later this week.

The U.S. has been consulting allies, among them Israel, before sending its response, though it wasn’t immediately clear if it would wait until after Gantz’s meeting with Sullivan.

“At every step of the process, we have been in touch with our Israeli partners to update them on where we are, to compare notes on the state of Iran’s nuclear program,” State Department spokesperson Ned Price said Monday.

The Israeli officials are making their push at a sensitive time: the country, currently being overseen by a caretaker government, will soon hold its fifth election in less than four years.

The main internal debate among U.S. negotiators has been about the economic guarantees sought by Iran, said Ali Vaez, a top Iran analyst with the International Crisis Group. Those guarantees deal in part with Iran’s concerns that even if the 2015 deal is revived, foreign companies will consider it too risky to invest in the country. Even when the deal was in full force, many foreign firms were hesitant to do business in Iran.

For Israel’s political leaders, an Iran whose economy is stronger is an Iran that is a bigger threat to their country’s existence. Iran’s rulers consider Israel an illegitimate state, and some have predicted its eventual doom.

Israeli political leaders’ argument against the nuclear deal often boils down to concerns that, if the U.S. lifts sanctions on Iran, the regime will use the incoming cash to engage even more in an array of unsavory activities, including funding and arming terrorist groups that target Israel.”

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“some Israelis in the security establishment — often retired officers with more freedom to speak out — have broken with their political leaders on this issue. They argue that, as imperfect as the nuclear deal may be, it’s better than having no restraints on or surveillance of Iran’s program.”

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“At present, Iran’s breakout time — the amount of time needed to produce enough fissile material for a nuclear weapon — is believed to be a few weeks. Under a restored deal, it would likely be around six months. Under the original 2015 agreement, it was estimated at around a year.”

Biden says he wants a two-state solution. Why is he silent on Israeli settlements?

“Severe setbacks for the two-state solution have made US policy seem far-fetched at this point.

That reality came across in Biden’s remarks. “We’ll discuss my continued support — even though I know it’s not in the near term — a two-state solution,” he said upon his arrival this week. He conceded that such an outcome was elusive, while still clinging to it.

A number of factors have contributed to the declining prospects for an independent Palestinian state. Not enough US diplomatic muscle has been put into making the deal happen. The recently disbanded Israeli government didn’t even agree to it as policy (and the previous prime minister, Benjamin Netanyahu didn’t really, either). Divisions between the Palestinian leadership in the West Bank and Gaza have detracted from the Palestine Liberation Organization’s authority and legitimacy as a negotiating partner. And wealthy Arab states, like the United Arab Emirates and Bahrain, have prioritized normalizing relationships with Israel — which come with economic and tech cooperation, defense business, and weapons sales — at the expense of Palestinian rights.

But the largest by far is the rampant expansion of settlements in the West Bank that has precluded Palestinians from living there.”

After the latest clash with Israel, Gazans’ struggle continues

“Israeli forces launched a preemptive strike against PIJ targets on August 5, Reuters reported, after one of the group’s leaders, Bassam al-Saadi, was arrested in the Occupied West Bank. Israel claims to have hit a number of PIJ targets. However, several civilians, including 17 children, were killed in the clashes, both by Israeli weapons and possibly by errant PIJ rockets intended for Israeli targets. A ceasefire brokered by Egypt, Qatar, Jordan, the US, the UN, and the Palestinian Authority between Israel and the PIJ last Sunday has thus far held; however, an attack on worshipers in Jerusalem’s Old City late on Sunday could portend more violence. At least eight people, including US citizens, were injured in the attack, which was allegedly carried out by a Palestinian resident of East Jerusalem, according to Israeli authorities. They have not yet released his name, and there is no indication that he is affiliated with any larger group, according to Reuters.

Despite the ceasefire, the aftermath of even short-term hostilities in Gaza goes far beyond active bombardments and shelling; the combination of years of violence, a brutal blockade, and state repression has created an enduring crisis. What’s more, there’s little chance to recover before violence breaks out again.

According to initial UN reporting, 360 Palestinians have been injured in the fighting, and Gazans experienced a tightened Israeli blockade of goods and services that led to 20-plus-hour rolling blackouts each day. There were no Israeli deaths or serious injuries, the Associated Press reported”

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“The Gaza strip is home to around 2 million Palestinians and has been governed by Hamas since 2007, when the group took control from the Fatah-led Palestinian Authority, which governs the West Bank. The two groups have had no success in creating a unity government over the past 15 years, despite repeated attempts, weakening the Palestinian resistance and further disenfranchising ordinary Palestinians. Although Fatah and Hamas agreed to hold elections in 2021, which would be the first since 2006, those elections have been postponed indefinitely.”