Tag Archives: Biden

Joe Biden’s Iran Oil Sanctions Failure

As Iran is spending billions of dollars funding Hezbollah in Lebanon, the Houthi militias in Yemen, Hamas and Islamic Jihad in Gaza, and Katai’b Hezbollah in Iraq, the recently released Energy Information Administration (EIA) report on Iranian petroleum exports stands out as a sobering reminder that the Obama-Biden on-and-off sanctions on Tehran have failed. In fact, as the sanctions against the Kremlin over its invasion of Ukraine suggest, sanctions alone are

Read the full article…

Rising Oil Prices Fuel Inflation And Threaten Biden’s Re-Election

The world economy has mostly recovered from the COVID-19 pandemic, but nonetheless, US inflation remains well above the desired 2% threshold at an estimated 3.7% in August. Core inflation for the year 2023 is expected to be 4.3%. It is possible that the Fed would need to apply another rate hike to drive inflation down,

Read the full article…