The Decline of Oil Power in Middle East Geopolitics
Saturday, 28 June 2025 () Despite expectations, the recent geopolitical turbulence in the Middle East—especially the events of October 7, 2023, and the escalation between Israel and Iran—did not deliver a severe blow to global energy markets. Compared to past regional crises or major global shocks like the Russia–Ukraine war, the impact was surprisingly muted. This apparent inability of oil-rich Middle Eastern nations to wield their petroleum power as a political weapon may mark the start of a deeper shift in global dynamics—one that emboldens Western-aligned…
In a dramatic escalation, Qatar has officially closed its airspace amid growing Iran-Israel tensions. The closure, confirmed via a NOTAM, directly affects Al Udeid Air Base—the largest U.S. military..
In a high-stakes diplomatic turn, Russia has declared its unwavering support for Iran amid rising U.S.-Israel hostilities. Kremlin Spokesman Dmitry Peskov stated, “Everything will depend on what Iran..
Iran’s Supreme Leader Ayatollah Ali Khamenei has vowed severe punishment against Israel, calling it a “grave mistake” for its actions. In a bold statement on X, Khamenei declared that Tel Aviv is..
Saturday, 28 June 2025 ()
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