INTERNATIONAL. The Iranians understand that having nuclear weapons is dangerous but that having a weapons program is advantageous. The nuclear program is merely a tool to divert attention from what is actually happening - a shift in the balance of power in the Middle East.
SAUDI ARABIA. The combination of accelerating US supply, weaker than expected global demand, stabilization in geopolitics, and an appreciation of the dollar, led to oil prices dropping to an average of US$102 per barrel, according to the latest Jadwa Investment Global Oil Market Update.