Saudis Losing Oil War as Iran Gains Power
The Kingdom of Saudi Arabia’s (KSA) policies toward Yemen, Syria, Qatar, and Iran are failing. But the policy toward Iran shows the kingdom’s desperate attempt to lessen the Islamic republic’s growing power. The KSA is trying to choke Iran’s economy by steeply cutting its own oil output, hoping to halt Iran’s overtures to international businesses. Oops, too late!
Despite the tensions with its archenemy, the KSA, the Iranian regime is excited about its engagement with other countries after its nuclear agreement with the West. Asian and European companies are now investing in Iran’s energy sector, which suggests potentially high returns on investment. Read more here