The Gulf Cooperation Council (GCC) is following Washington, Paris and Tel Aviv by declaring that a political and military force that resists Israeli aggression in Southern Lebanon known as ‘Hezbollah’ a terrorist organization. The U.S., France, Israel, the Netherlands, Australia and Canada declared Hezbollah a terrorist organization. The European Union, the United Kingdom and New Zealand declared that only Hezbollah’s military division, is a terrorist organization. Continue reading Hezbollah, Iran ,Israel and the Gulf States Geopolitical Puzzle
Oil ministers from Saudi Arabia, Qatar, Venezuela and Russia agreed to keep production at January’s levels on Tuesday, but only as long as other major producers do the same. Iran said it would back any measures to stabilize the markets, but avoided committing to capping its own production. So unless Iran also commits, it could put the agreement on hold.
This deal could be the first joint OPEC and non-OPEC deal in 15 years aimed at tackling a growing glut and helping prices recover.