Low oil prices don’t just affect the wealthy sheiks of the Gulf, but also the Kurdish peshmerga fighters operating on the front line against the Islamic State group. With the decline in market value comes a decline in oil exploration, and diminished budgetary expectations in countries like Iraq that are already hanging on by a thread.
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Making Sense of the Mideast Oil Muddle
Posted March 21st, 2016 at 12:37 pm (UTC-4)
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The Giant al Qaeda Defeat that No One’s Talking About
The United Arab Emirates, under the banner of a Saudi-led coalition, late last month delivered a major blow to the most lethal Al Qaeda group on the planet—Al Qaeda in the Arabian Peninsula (AQAP), the primary Islamic extremist group operating in Yemen.