Trump is fighting the Fremen in Iran
“He who can destroy a thing, controls the thing,” said Paul Atreides, the protagonist, played by Kyle MacLachlan in David Lynch’s version of Frank Herbert’s legendary sci-fi film Dune. “He who controls the spice controls the universe!”
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US bombs Kharg Island, prepares for possible ground invasion
The US has bombed military installations on Iran’s critical Kharg island that is responsible for more than 90% of Iran’s oil exports and is moving thousands of troops into the Gulf in preparation for a possible ground invasion.
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ING: Asia’s outlook under higher oil prices
While inflation risks remain largely manageable at the moment given a low starting point, higher import bills will result in weaker trade balances with some currencies like PHP, THB, INR and KRW more vulnerable.
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Temporary US sanctions waiver for Russian oil fails to cool crude prices above $100
The US Treasury Department's Office of Foreign Assets Control (OFAC) issued a 30-day general license on March 12 to purchase Russian crude oil and petroleum products loaded on vessels before that day.
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COMMENT: Iran's bankruptcy is its best weapon against the wealthy Gulf states
Gulf oil producers have lost an estimated $15.1bn in energy revenues since the war with Iran began, with $10.7bn in crude and LNG cargoes stranded inside the Strait of Hormuz.
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As the US shifts THAAD assets from South Korea, Taiwan watches and waits
The possible redeployment from South Korea has been described by a US official as just a precautionary measure, but has already been interpreted as evidence of a missile defence network already under strain.
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COMMENT: What’s behind the US decision to sideline Georgia?
Washington appears increasingly uninterested in Tbilisi, turning instead to Armenia and Azerbaijan as it reshapes its strategy in the South Caucasus.
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Polish President Nawrocki stuns Tusk government with SAFE arms financing veto
Government said that close to 90% of €43.7bn funds would go to Polish arms companies, calls president's decision "treason".
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