In my latest article I mentioned the factors one needs to keep an eye on to track the trajectory of oil prices, for the rest of the year . Geopolitics, of-course, was one of them. Keeping this factor aside, there has not been any significant development pertaining to oil as to affect the prices substantially.
Moves by the United States and Turkey that largely ban travel of their nationals between the two countries is about more than two long-standing NATO allies having a spat amid shifting alliances in a volatile part of the world. It is a fight between two leaders, US President Donald J. Trump and his Turkish counterpart, Recep Tayyip Erdogan, confronted with the limitations and fallout of their shared desire to redefine or restrict basic freedoms.
Considering the quantity and virulence of the groups taking part in the Syrian war, which has been going on uninterruptedly for six years, in principle there are two possible scenarios. An unstable peace that will disrupt the Syrian political and territorial system - as is currently happening in the Lebanon - or a long war of attrition, as in the Balkans of the 1990s or currently in Ukraine or the Horn of Africa.
On September 25, 2017, the semiautonomous Kurdistan Regional Government (KRG) in northern Iraq held an independence referendum to determine the future of its quest for recognized statehood. As expected, an overwhelming majority (93% in the early returns) voted in favor of independence.
The owner of a self-service laundrette in the historic town of Muar in the Malaysian state of Johor likely had little inkling of the hornet’s nest he would stir up by putting up a sign barring non-Muslim from using his services. Yet, the sign that went viral on social media reignited debate about the nature of Islam and Malaysian culture in a country struggling with creeping Sunni Muslim ultra-conservatism.
Foreign interventions in Syria started in March 2011 after the furious people of Dara predominantly Sunni Muslims city in Syria cited as (cradle of revolution) came down to the street to demonstrate against Bashar Assad. Demanding the government to improve fundamental services in the country, soldier reacted the protests by shooting and killed several civilian among them children, young and women.
At least since 2014 the presence of Iranian forces in the Syrian war has certainly ensured both political stability and military success on the ground for Assad’s regime. Some Syrian sources maintain that since December 2013 Iran's engagement in the Syrian conflict has cost at least 6 billion US dollars a year, while other Western sources think the financial support provided has been twice as much.
Optimists see hopeful signs that the Middle East may be exiting from a dark tunnel of violence, civil war, sectarian strife, and debilitating regional rivalries.The Islamic State (IS) is on the cusp of territorial defeat in Syria and Iraq. Saudi Arabia may be groping for an exit from its devastating military intervention in Yemen. Gulf states are embarking on economic and social reform aimed at preparing for the end of oil.