By Felix Imonti
http://oilprice.com/
Saudi Arabia has gone on the offensive against Iran to protect its interests. Their involvement in Syria is the first battle in what is going to be a long bloody conflict that will know no frontiers or limits.
First it was the war against communism, then the war on drugs, then the war on terror. Communism is gone from Eastern Europe, but we are still occupying over there; the war on drugs has not made a dent on drug use; and now we are all over the globe with the war on terror. Will this ever end?
Egypt has again allowed an Iranian Navy ship to pass the Suez Canal toward Syria. A senior official said the Egyptian Navy approved the passage of an Iranian ship loaded with weapons to move from the Red Sea to the Mediterranean Sea.
A key private sector indicator on Thursday, which showed Chinese factory activity slumped to a nine-month low in August against expectations of a modest pickup, throws up the question whether the worst is yet to come for the world’s second largest economy.
The Obama administration will pressure European governments not to let Greece fall out of the eurozone before November's Presidential elections, British Government sources have suggested.
As Venezuela becomes an importer of petroleum despite its large reserves, some are concerned that the country is losing a sizable amount of petroleum to smugglers along the border with Colombia.
Human rights groups in Egypt have condemned a recent clampdown on media critical of the ruling Muslim Brotherhood amid concerns the new Islamist government is starting to imitate the practices of Hosni Mubarak, the dictator ousted by a popular uprising last year.
Russia will likely continue lowering its U.S. debt holdings as Washington struggles to contain a budget deficit and bolster a tepid economic recovery, a top aide to President Dmitry Medvedev said Saturday.
Even as Yemen’s political crisis deepens, the country is on the brink of an economic collapse so dire it could take years to recover, and hobble efforts to restore any sense of cohesion as a nation.
The head of Venezuela's state oil giant Petroleos de Venezuela (PDVSA) said the "imperialist" United States could "go to hell" after it slapped sanctions on the company over alleged ties to Iran.
