Michael Makovsky

There Will Be Oil

Last month marked a turning point in the United States-Iraq relationship. American influence is waning, while Iraq is taking steps to get on its feet economically. We suffered no combat deaths in December, and continue to reduce our presence, expecting to withdraw all combat troops by August. And Iraq concluded a major round of production deals with oil companies. READ MORE >>

As the Obama administration prepares to engage Iran diplomatically, sentiment in Congress is rising in support of applying greater pressure on Tehran. The current centerpiece of this strategy is legislation recently introduced by a bipartisan set of congressional leaders to sanction companies that sell gasoline to Iran or help upgrade Iran’s gasoline refining capacity. Despite the appeal of leveraging Iran’s apparent dependence on imports of refined petroleum, the legislation is unlikely to have much impact. READ MORE >>

SHARE HIGHLIGHT

0 CHARACTERS SELECTED

TWEET THIS

POST TO TUMBLR