• 4 minutes Is The Three Gorges Dam on the Brink of Collapse?
  • 8 minutes The Coal Industry May Never Recover From The Pandemic
  • 11 minutes China Raids Bank and Investor Accounts
  • 2 hours Why Wind is pitiful for most regions on earth
  • 7 mins Is OilPrice a cover for Green Propganda
  • 2 hours During March, April, May the states with the highest infections/deaths were NY, NJ, Ma. . . . . Today (June) the three have the best numbers. How ? Herd immunity ?
  • 4 hours Sources confirm Trump to sign two new Executive orders.
  • 17 hours In a Nutshell...
  • 2 days Joe Biden to black radio host, " If you don't vote for me you ain't black". That's our Democratic Party nominee ?
  • 2 days Happy 4th of July!
  • 2 days Putin Paid Militants to Kill US Troops
  • 2 days Putin Forever: Russians Given Money As Vote That Could Extend Putin's Rule Draws To A Close
  • 3 days Tesla Model 3 police cars pay for themselves faster than expected, says police chief
  • 8 hours Coronavirus hype biggest political hoax in history
  • 2 days Apology Accepted!
  • 3 days Victor Davis Hansen on Biden's mental acuity " . . unfit to serve". With 1 out of 5 Democrats admitting it. How many Dem's believe it but will not admit it?

IRAN: Behind the Scenes Ahead of Kazakhstan Talks

Bottom Line: Against the backdrop of 25 February P5+1 talks in Astana, Kazakhstan, the Obama administration is seeking to lay the foundation for a deal with Tehran once Iran’s June presidential elections are over, but Israel and Saudi Arabia will covertly attempt to hijack any détente.

Analysis: First, two things are happening in Iran that are significant to the backdrop of 25 February nuclear talks in Kazakhstan: 1) the Iranian riyal is on a fast downward spiral against the dollar, plummeting to under 40,000 to the US dollar and counting as Iran goes on a printing binge to finance energy subsidies; 2) there is a great deal of political horse-jockeying going on ahead of 14 June presidential elections and no deal can be made with Iran before these elections are over.

Iranian elections pit three factions against each other: the faction President Mahmud Ahmadinejad; and two ultra-conservative factions.

What is keeping Tehran at a distance for now is the fact that while the Obama administration may wish to deal in détente, the US Congress is dominated by conservatives who would attempt to stymie any such progress. What the Obama administration has perhaps recalled is that historically, energy deals with enemies have actually served as the backbone of US energy supplies: Soviet gas and oil during the Cold War, for instance. The goal is direct bilateral talks with Iran.

What is ostensibly on the table - not in Kazakhstan, but…




Oilprice - The No. 1 Source for Oil & Energy News