Oil

Iraqi security forces launch a rocket toward Kurdish Peshmerga positions near Fishkhabour. (Ahmad al-Rubaye/AFP/Getty Images)

Why the Fight for Fishkhabour Is So Important for Iraqi Kurds

A month after its independence referendum, Iraqi Kurdistan is seeing its economic future threatened.

Chinese President Xi Jinping and Saudi Arabia's King Salman in Beijing on March 16. (Lintao Zhang/Pool/Getty Images)

China Is Eyeballing a Major Strategic Investment in Saudi Arabia’s Oil

Washington may have invented the petrodollar system, but Beijing is looking toward the future.

Global destinations of Chinese foreign aid between 2000 and 2014. (Map used with permission of AidData).

Russia Is the Biggest Recipient of Chinese Foreign Aid

China has given Moscow $36.6 billion in aid since 2000. The goal? Russian oil.

KIRKUK, IRAQ - SEPTEMBER 25: People are seen casting their referendum vote at a voting station on September 25, 2017 in Kirkuk, Iraq. Despite strong objection from neighboring countries and the Iraqi government. Some five million Kurds took to the polls today across three provinces in the historic independence referendum.  (Photo by Chris McGrath/Getty Images)

Not Everyone in Kurdistan Is Cheering Kurdish Independence

In Iraq’s multi-ethnic city of Kirkuk, this week’s referendum has sparked celebration — and serious discontent.

A picture taken on June 5, 2017 shows a man walking past the Qatar Airways branch in the Saudi capital Riyadh, after it had suspended all flights to Saudi Arabia following a severing of relations between major gulf states and gas-rich Qatar. Arab nations including Saudi Arabia and Egypt cut ties with Qatar accusing it of supporting extremism, in the biggest diplomatic crisis to hit the region in years. / AFP PHOTO / FAYEZ NURELDINE        (Photo credit should read FAYEZ NURELDINE/AFP/Getty Images)

A Field Trip to the Front Lines of the Qatar-Saudi Cold War

The showdown in the Gulf shows no signs of ending. And there don’t seem to be any clear winners emerging.

People's Movement for the Liberation of Angola (MPLA) presidential candidate and Angolan Defense Minister Joao Lourenco looks on during a meeting between MPLA leadership and sporting entities, associations and managers during his presidential elections campaign on August 10, 2017 in Luanda. / AFP PHOTO / AMPE ROGERIO        (Photo credit should read AMPE ROGERIO/AFP/Getty Images)

Angola’s Transition to Technocracy Won’t Be Victimless

The biggest challenge for Angola’s new president will be escaping the shadow of his predecessor — and the corrupt cronies around him.

Anti-government activists stand near a barricade burning in flames in Venezuela's third city, Valencia, on August 6, 2017, a day after a new assembly with supreme powers and loyal to President Nicolas Maduro started functioning in the country.
In the video posted online earlier, allegedly at an army base used by the National Bolivarian Armed Forces in Valencia, a man presenting himself as an army captain declared a "legitimate rebellion... to reject the murderous tyranny of Nicolas Maduro" and demanded a transitional government and "free elections." After the video surfaced, military chiefs said troops had put down the "terrorist" attack.

 / AFP PHOTO / Ronaldo SCHEMIDT        (Photo credit should read RONALDO SCHEMIDT/AFP/Getty Images)

Venezuela Quells Military Uprising, Fires Outspoken Government Critic

The protest-rocked country could face a fresh round of U.S. economic sanctions.

Russian army officers train Syrian army soldiers at their military camp known as the International Demining Center in the ancient Syrian city of Palmyra on May 5, 2016. / AFP / VASILY MAXIMOV        (Photo credit should read VASILY MAXIMOV/AFP/Getty Images)

Russia Looks to U.N. to Help It Profit From Syria Conquests

Critics suspect the Kremlin is looking to the West to pay the price to make Palmyra safe for Russian business.

The emir of Qatar, Sheikh Hamad bin Khalifa al-Thani speaks during a press conference following a summit on the post-Kadhafi held at the Elysee Palace in Paris on September 1, 2011. France hosts a "Friends of Libya" conference to allow states that stood by during the uprising that ousted Moamer Kadhafi to belatedly back Tripoli's fledgling revolutionary regime. AFP PHOTO / LIONEL BONAVENTURE (Photo credit should read LIONEL BONAVENTURE/AFP/Getty Images)

The Palace Intrigue at the Heart of the Qatar Crisis

The Saudis don’t believe the young emir of Qatar is really running the country — and they’re looking for regime change.

Persian soldiers chase rioters during civil unrest in Tehran, August 1953. On August 19, 1953, democratically-elected Iranian Prime Minister Mohammad Mossadegh was overthrown in a coup orchestrated by the CIA and British intelligence, after having nationalized the oil industry. The Shah Mohammad Reza Pahlavi was re-installed in the primary position of power. Massive protests broke out across the nation, leaving almost 300 dead in firefights in the streets of Tehran. 

        (Photo credit should read /AFP/Getty Images)

64 Years Later, CIA Finally Releases Details of Iranian Coup

New documents reveal how the CIA attempted to call off the failing coup — only to be salvaged at the last minute by an insubordinate spy.

The site of the Astana Expo 2017 on its second day of opening, June 11, 2017. The skyline is dominated by the vast Kazakhstan Pavilion.

Kazakhstan Spent $5 Billion on a Death Star and It Doesn’t Even Shoot Lasers

The Central Asian country built a futuristic city to host the World's Fair and polish its own brand. One small problem: it forgot to invite guests.

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Can Saudi Arabia’s Young Prince Wean the Welfare State?

The ambitious plan to remake the Saudi economy is the brainchild of Deputy Crown Prince Mohammed bin Salman. But does he have what it takes to upend his country?

saudi crop

Market Body Slams OPEC

Things just aren't going OPEC's way.

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Trump Wants to Sell Half the U.S. Strategic Oil Reserve For More Cash

The U.S. energy boom means America imports less oil — but is selling emergency stocks a good idea?

Members of Iran's Assembly of Experts, Mohammad Taghi Mesbah-Yazdi (up-R) and head of the Guardian Council, Ahmad Jannati (up-C), attend a session to appoint a new chairman on March 10, 2015 in Tehran. The Assembly of Experts, the clerics who appoint and can dismiss the country's supreme leader, picked the ultraconservative Ayatollah Mohammad Yazdi as their new chairman in a surprise appointment. AFP PHOTO / BEHROUZ MEHRI        (Photo credit should read BEHROUZ MEHRI/AFP/Getty Images)

Why Trump’s Iran Sanctions Waiver Should Worry the Mullahs

Trump may not have blown up the Iran nuclear deal just yet, but that doesn't mean he's going soft on Iran.

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Global Thinkers 2015 Issue Cover