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Category: Politics

Escape route from Iran energy shock leads to China, U.S. allies find

Escape route from Iran energy shock leads to China, U.S. allies find

Politico reports: America’s allies, stung by soaring energy costs due to Washington’s attacks on Iran, are confronting an uncomfortable truth: The escape route from fossil fuel shocks leads straight into China’s arms. From the European Union and the United Kingdom to South Korea and the Philippines, numerous countries have responded to the war-driven spike in oil and gas prices with calls to accelerate electrification and the rollout of clean energy infrastructure. While that doesn’t offer an immediate fix to higher…

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China’s energy fortress was built to withstand just this type of oil shock

China’s energy fortress was built to withstand just this type of oil shock

CNN reports: For more than a decade, leader Xi Jinping has overseen a transformation within the Chinese economy with one aim: making it energy-secure. Under that vision, China has unleashed a renewable energy revolution of wind, solar and hydropower, drilled ever deeper into oilfields offshore and on, and forged pacts with partners for more supply – all in a bid to cut the country’s reliance on imported fuel and insulate it against “external shocks.” Now, the historic oil crisis triggered…

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The forces of scarcity hitting Asia may soon spread across the world

The forces of scarcity hitting Asia may soon spread across the world

Damien Cave writes: When the war in Iran started on Feb. 28, Asia expected to see serious, gradual impacts from losing access to a huge portion of the world’s oil and gas. But the conflict’s economic and social impacts have hit the region harder and faster than officials and experts expected. Many countries across the Asia-Pacific are experiencing sudden jolts of disruption that they are struggling to manage, with some comparing the crisis’s breakdowns and scope to the Covid pandemic….

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Distrust, dishonesty and Trump’s elusive Iran deal

Distrust, dishonesty and Trump’s elusive Iran deal

Axios reports: President Trump told reporters to expect a peace deal with Iran by Monday, and said Monday morning that Vice President Vance was heading to Islamabad for talks. But Vance was actually still in Washington, waiting for a signal from Tehran before boarding his plane — a sign of the deep uncertainty over what will happen next. The big picture: Trump wants the war to end, now, on his terms. But there’s only one day left before the ceasefire expires, Iran still controls the…

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Ukraine: For the first time in years, outright victory seems possible

Ukraine: For the first time in years, outright victory seems possible

Brynn Tannehill writes: The end of 2024 looked grim for Ukraine: President Trump was promising no further aid, and Hungary under Viktor Orbán was vowing to block any further European Union financial support. Seeing an opportunity, Russia poured all the manpower possible into collapsing Ukrainian front lines, hoping to convince Trump that Russia’s victory and Ukraine’s defeat were inevitable, so that he would pressure Ukraine into a peace treaty favorable to Putin. Instead, Ukraine dug in. They continued to innovate,…

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Samuel Samson: The 27-year-old diplomat waging Trump’s cultural war with Europe

Samuel Samson: The 27-year-old diplomat waging Trump’s cultural war with Europe

The New York Times reports: When Samuel Samson, a senior adviser at the State Department, sat down privately with far-right German lawmakers in an office just steps from the White House, he was breaking with history. For eight decades after World War II, America’s foreign policy establishment had usually steered clear of Germany’s hard-right parties, seeking to ensure that they never seized power again. That changed under President Trump, leading last September to Mr. Samson’s meeting with Beatrix von Storch…

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What I learned about billionaires at Jeff Bezos’s private retreat

What I learned about billionaires at Jeff Bezos’s private retreat

Noah Hawley writes: Bezos was everywhere that weekend—in a tight T-shirt, laughing too loudly, arms thrown around his teenage sons. He had recently become the world’s second centibillionaire, his net worth hovering somewhere around $112 billion, about half of what it is today. That number, previously unimaginable, had made him unique on a planet of 8 billion people, and you could feel it in the room. Even the richest and most famous among us were drawn to the energy of…

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UAE in talks with Trump administration about possible financial lifeline

UAE in talks with Trump administration about possible financial lifeline

The Wall Street Journal reports: The United Arab Emirates has opened talks with the U.S. about obtaining a financial backstop in case the Iran war plunges the oil-rich Persian Gulf state into a deeper crisis, U.S. officials said. U.A.E. Central Bank Governor Khaled Mohamed Balama raised the idea of a currency-swap line with Treasury Secretary Scott Bessent and Treasury and Federal Reserve officials in meetings in Washington last week, the officials said. The Emiratis emphasized that they had so far…

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UAE minister: More than 90% of Iran’s targets were civilian infrastructure

UAE minister: More than 90% of Iran’s targets were civilian infrastructure

Politico reports: The United Arab Emirates’ minister of state said Sunday the country had been hit with over 2,800 missiles and drones in the first 40 days of the U.S. and Israel’s war with Iran, adding that more than 90% of the targets were civilian infrastructure. Reem Al Hashimy, the UAE’s minister of state for international cooperation, said during a Sunday morning appearance on ABC’s “This Week” that Iran was seeking to destroy the UAE’s “model of prosperity and tolerance….

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Why the ceasefire in Lebanon won’t stop Israel’s expansionist ambitions

Why the ceasefire in Lebanon won’t stop Israel’s expansionist ambitions

Dimi Reider writes: No other Israeli border has been as consistently restive for so long, and no outside actor has inflicted devastation on Lebanon as routinely or as dramatically as Israel: from cross-border raids in the first decades of statehood, to full-scale invasion in 1982, to the current war — the most lethal conflict in Lebanon since the devastating civil war of 1975-1990. Lebanon has also been the unwilling setting for a more definitive strain of Israeli wars — those…

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What Viktor Orbán’s opponents sacrificed to beat him

What Viktor Orbán’s opponents sacrificed to beat him

Idrees Kahloon writes: To the outside world, Hungarian Prime Minister Viktor Orbán began his rule as a pariah—an obstreperous, often lone dissenter from European Union policies, especially over migration. Then he became a prophet to new-style “national conservatives”—the anti-immigration, anti-elite right-wing movement that has reshaped the politics of the West. After resoundingly losing national elections held on April 12, Orbán has become a parable for how populism can be defeated. His political demise was hardly inevitable. It had to be…

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Palestinian leader Marwan Barghouti facing ‘escalating abuse’ in Israeli jails

Palestinian leader Marwan Barghouti facing ‘escalating abuse’ in Israeli jails

The Guardian reports: The jailed Palestinian leader Marwan Barghouti is at immediate risk in Israeli jails, where he has been attacked three times in as many weeks, including in one assault last month where prison guards set a dog on the 66-year-old, his lawyer has said. Barghouti is often called Palestine’s Nelson Mandela. He is respected across otherwise feuding Palestinian factions, has broad popular support across occupied Palestine, repeatedly engaged with Israeli officials before his detention and long backed a…

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Palantir posts corporate manifesto denouncing pluralism in defense of ‘the West’

Palantir posts corporate manifesto denouncing pluralism in defense of ‘the West’

TechCrunch reports: Surveillance and analytics company Palantir recently posted what it called a “brief” 22-point summary of CEO Alex Karp’s book “The Technological Republic.” Written by Karp and Palantir’s head of corporate affairs, Nicholas Zamiska, “The Technological Republic” was published last year and described by its authors as “the beginnings of the articulation of the theory” behind Palantir’s work. (One critic said it was “not a book at all, but a piece of corporate sales material.”) The company’s ideological bent…

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The disconnect between markets and the unfolding global economic crisis

The disconnect between markets and the unfolding global economic crisis

The Washington Post reports: As stocks soared this week and oil prices dropped amid an apparent cooling of tensions between the United States and Iran, it may have left the impression that the energy shock that rattled the world would quickly fade, along with the risk of sending the global economy into recession. The optimism may have been short-lived. On Saturday, Iran’s military announced it would reimpose restrictions on the Strait of Hormuz, throwing the critical waterway’s status into doubt….

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‘You cannot beat geography’: Iran already has a nuclear weapon. ‘It’s called the Strait of Hormuz.’

‘You cannot beat geography’: Iran already has a nuclear weapon. ‘It’s called the Strait of Hormuz.’

The New York Times reports: The United States and Israel launched their war against Iran on the argument that if Iran one day got a nuclear weapon, it would have the ultimate deterrent against future attacks. It turns out that Iran already has a deterrent: its own geography. Iran’s decision to flex its control over shipping through the Strait of Hormuz, the strategic choke point through which 20 percent of the world’s oil supply flows, has brought global economic pain…

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Trump is wishing away the war against Iran the way he did Covid. The stock market is buying his lies

Trump is wishing away the war against Iran the way he did Covid. The stock market is buying his lies

Jason Sattler writes: Everyone has finally picked up the pattern. When the stock market is open, Donald Trump is a peacemaker — Mr. Art of the Deal. Then the closing bell rings and the monster awakes. He becomes the sort of bloodthirsty beast who nods along to Pete Hegseth quoting Pulp Fiction as if it’s the Bible. And the march to global war continues. The rally that followed his latest peace headfake made real people real money. The peace was…

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