Oil prices swooned on Thursday as John Kerry claimed a major breakthrough in talks with Iran. They later recovered a bit but markets remained unsettled. Will the deal sink oil prices? Probably not. Even if the Obama administration succeeds in getting a workable deal through Congress (a significant “if,” of course), there are at least... Read More

As I have pointed outbefore in this space, much of the most shocking evidence of America’s weakening position in the world these days gets swept under the rug in the mainstream press. We had another instance last week when a Japanese bank was found to have egregiously flouted the American-led financial embargo on Iran. The... Read More