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As I summarized, Saudi Arabia is in a bind. It needs guarantees of security China and Russia can provide, but also wants the $60/bbl oil price that continuation of the Trump 'maximum pressure' campaign is providing. So MBS is trying to ride two horses at once. That, IMO, means he is likely to allow events to determine the outcome. The establishment of Russian naval and air bases on the Iranian coast combined with the announced increase in presence of the Chinese navy in the Arabian Sea and the Gulf will be two major events. We will see if they occur on schedule as announced. Chinese naval escorts for Iranian oil tankers through the Straits and the Gulf will, if it happens, be the third event.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Aug 20th, 2019 at 03:49:47 PM EST
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