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China's Return To The Oil Market Could Boost Inflation
China's Return To The Oil Market Could Boost Inflation
Submitted by Tsvetana Paraskova of OilPrice.com
The U.S.-Iran agreement to reopen the Strait of Hormuz could prompt China to return to buying more crude after months of multi-year-low purchases, which could reignite inflationary pressures despite the expected ease of oil flows from the Middle East.
Late on Sunday, the U.S. and Iran announced a deal to reopen the Strait of Hormuz more than 100 days after its closure. This re-opening could happen as soon as an agreement is signed on Friday. News...
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Turkey Seeks Moscow Permission To Offload S-400s, Paving Way For US F-35 Deal
Turkey Seeks Moscow Permission To Offload S-400s, Paving Way For US F-35 Deal
In a move that could break a years-long defense procurement deadlock with Washington, Turkey is finalizing the sale of its Russian S-400 air defense systems to Gulf states, potentially clearing the way for Ankara to buy US F-35 fighter jets, Turkish newspaper Hurriyet reports Friday.
For Ankara, offloading the Russian hardware resolves a years-long costly diplomatic and military bottleneck and controversy - a situation which dramatically improved after President Trump gave a clear greenlight during the annual NATO...
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NATO 3.0: Report Details 'Fundamental Restructuring' Of US Commitments
NATO 3.0: Report Details 'Fundamental Restructuring' Of US Commitments
Via The Cradle
The US is moving forward with a "fundamental restructuring" of its commitments to European security, transitioning from the traditional "burden sharing" strategy to that of "burden shifting," according to a Der Spiegel report published on May 26.
Under the new vision dubbed "NATO 3.0," Washington expects European allies to assume responsibility for the continent’s entire conventional defense.
Source: Dunya
In this new framework, the US will primarily provide a nuclear deterrent rather than the broad military support it has historically guaranteed.
This transition, which the report notes...
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