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opec

Iran looks dominant, for now, in Middle East’s proxy war

At a time when Iran and Saudi Arabia continue to wage a proxy war against each other that has bled into, and enflamed, many of the Middle East’s conflicts, Iranian media responded positively to a surprise announcement last week that the Organization of Petroleum Exporting Countries (OPEC) would cut production of oil, a move that was interpreted as a diplomatic defeat for Saudi Arabia.

Cheaper oil and shifting sands

The price of regular gas in the Washington suburbs was $2.74 a gallon when I filled my car this week and it could fall farther as the price of crude oil hit $69, two thirds of what it was in June.

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More news and opinions than at a Shabbat dinner, right in your inbox.

More news and opinions than at a Shabbat dinner, right in your inbox.