Western producers are pressured to adapt to new terrain.
PARIS: Tension in the Middle East and demand from the roaring economies of India and China have already caused the price of oil to surge this decade. Now, the oil market has a new force to reckon with: nationalism.
Oil-producing countries are seizing domestic resources that were once [...]

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In one of his first acts since leaving his post as US ambassador to the United Nations, John Bolton will on Thursday call for legal proceedings against Iran’s President Mahmoud Ahmadi-Nejad for incitement to genocide.
Mr Bolton will join Dore Gold, a former Israeli ambassador to the UN, Irwin Cotler, a former Canadian attorney-general, and Nobel [...]

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BUENOS AIRES, December 13 (Itar-Tass) - Russia and Argentina will move from words to action in their bilateral relations, Russian Foreign Minister Sergei Lavrov said after talks with his Argentine counterpart Jorge Taiana on Wednesday.
“We have a large package of important agreements, which we have agreed to put on a practical footing,” Lavrov said.
He [...]

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Night Watch: MOSCOW - Syria President Bashar al-Assad has been summoned by Moscow to meet Russia President Vladmir Putin on December 19. RIA reports the two are to discuss regional developments and bilateral issues, but for obvious reasons gives no details. So much can happen between now and then. The details revolve around Moscow’s concern [...]

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MOSCOW: NATO’s efforts to embrace Ukraine and Georgia would result in “serious problems and risks,” Russia’s military general staff chief said Wednesday, according to news reports.
Gen. Yuri Baluyevsky warned the alliance that putting Ukraine and Georgia on a fast accession track “will not strengthen regional security, the security of the Russian Federation or security of [...]

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Israel has 150-200 nuclear warheads that can mounted on long-range Jericho missiles, Jane’s Defence weekly magazine said.
Link to this article.

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One of the greatest risks associated with Iran’s determined drive to acquire a nuclear weapons capability is that it will spark further nuclear proliferation in the region. According to recent reports, six new states in the Middle East are already considering developing nuclear programs. The oil-rich Arab Gulf states consider starting a joint nuclear program [...]

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