Turkiye halts transit of western commodities to Russia

Prominent Turkish exporter disclosed that commodities from the EU, US, and UK were prohibited to be sent to Russia as of 1 March

Who is looting Yemen’s oil, and where does it all go?

There is a hidden war being waged against Yemen, a multinational assault against the country's vital natural resources. For years, foreign states and companies have engaged in the illicit plundering of Yemen's oil and gas - war profiteering in the poorest nation in West Asia.

Russian oil floods global markets via major Asian intermediaries

Despite western sanctions, there is more Russian fuel being exported around the world than before the Ukraine crisis. It's just coming via Saudi Arabia, India, China, and other trading states – with steep commissions.

De-dollarization kicks into high gear

The US dollar is essential to US global power projection. But in 2022, the dollar share of reserve currencies slid 10 times faster than the average in the past two decades.

The historic US-Saudi relationship cannot bounce back

US imports of Saudi oil are at historic lows, Chinese purchases of Saudi oil continue to grow, and Russian-Saudi energy interests have fully converged. If it's 'all about the economy,' then Saudi-US ties may never quite recover.

US imposes sanctions on UAE, Turkish-based entities

The US Treasury also accused the 120 sanctioned entities of violating their export controls

Iran and Saudi Arabia: a Chinese win-win

The single Iranian-Saudi handshake buried trillions of dollars of western divide-and-rule investments across West Asia, and has global leaders rushing to Beijing for global solutions.

Iran appoints ambassador to UAE after eight years

Reza Ameri previously served as Tehran's ambassador to Sudan, Algeria, and Eritrea

Qatar enters Iraq’s energy sector, but risks abound

Qatar's investment in Iraq's energy sector has the potential to transform Persian Gulf geo-economic dynamics, but Iraq's political instability continues to pose major risks for large investors across the board.

BP, Emirati oil giant looking to buy half of Israeli gas firm

Emirati-Israeli cooperation continues to move forward in the fields of both trade and energy

Israel, UAE sign free trade agreement

The agreement would remove or reduce tariffs on 96 percent of commodities traded between Tel Aviv and Abu Dhabi

In Moscow, Xi and Putin bury Pax Americana

In Moscow this week, the Chinese and Russian leaders revealed their joint commitment to redesign the global order, an undertaking that has 'not been seen in 100 years.'

Sergey Glazyev: ‘The road to financial multipolarity will be long and rocky’

In an exclusive interview with The Cradle, Russia's top macroeconomics strategist criticizes Moscow's slow pace of financial reform and warns there will be no new global currency without Beijing.

Iran proposes creation of joint bank with African states

During a conference with representatives from West African states, the Iranian president stressed that, unlike the west, Tehran is interested in Africa's 'welfare and development'

Israel set to export food to Egypt as part of new trade agreement

This agreement was established as Egypt faces a decline in its national currency and food shortages

India, UAE seek rupee-dirham trade deal: Report

The bilateral trade between the UAE and India rose to $57.8bn between April and November 2022

Washington’s Dollar-and-Stick ploy with Iraq

Iraqi officials are in Washington to discuss “economic reforms” but are in fact being pressured to shun Iranian energy imports in the hope of having US sanctions and dollar rations lifted.

US sanctions on Iran violate international law: UN experts

US-imposed sanctions on Iran continue to harm Iran's civilian population

The Big Stiff: Russia-Iran dump the dollar

News of Russian banks connecting to Iran’s financial messaging system strengthens the resistance against US-imposed sanctions on both countries and accelerates global de-dollarization.  

Syria under the American whip: Sanctions that kill

The western sanctions weapon is not new to Syria, but since 2019 it has become a lethal one, destroying entire Syrian sectors and killing its people.

Saudi Arabia raises oil prices for Asia, EU, US unexpectedly

The kingdom essentially increased the price for EU buyers by $2 a barrel, and 20 cents for US customers

US blacklists more Iranian companies, cites drone sales to Russia

More than 22 countries have inquired about the possibility to purchase Iran's attack drones

Commercial trucks allowed to cross through Iraqi-Syrian border

Since 2020, commercial trucks carrying commodities have been barred from crossing through the two countries' shared border

UAE, India discuss settling non-oil trade in rupees: Report

China also considered settling non-oil trade in local currencies that do not include the dollar

Kuwait plans to increase diesel exports to EU

Kuwait City expects to raise its gas exports to Europe by fivefold this year compared to 2022, hoping to deliver 2.5 million tons worth of diesel annually

Chinese companies sign oil extraction deal with Taliban government

This marks the first time the Taliban administration signs a public commodities deal with a foreign nation since its assumption of power in 2021

Iran, China fix diplomatic blunder following Xi’s Saudi visit

Tehran takes a hard stand as Xi Jinping discovers the Persian Gulf can be a diplomatic minefield.

Syria calls on UN to prevent further Israeli attacks

Israel has launched several attacks against Damascus, which Tel Aviv claims are aimed at targets of Iranian-backed militias

Xi of Arabia and the petroyuan drive

Xi Jinping has made an offer difficult for the Arabian Peninsula to ignore: China will be guaranteed buyers of your oil and gas, but we will pay in yuan.

UAE companies sign $6 billion construction agreement with Sudan

The project entails the construction of the Abu Amama port on the Red Sea, which will include an agricultural and economic zone, as well as an airport