FILE IMAGE: AFP On November 28, SouthFront released a video analysis entitled “ Would Anyone Profit From a New War in the Middle East? ”. The video sated that the possibility of a new war in the region in the near future was relatively low because no regional player was interested in it. The only side, which could be interested in a new conflict, was the United States because such a war will contribute to interests of the American military industrial complex and lead to the growth of oil prices. High oil prices will impact positively the US shale oil production. However, it was hard to expect developments, which took place this week. On December 6, US President Donald Trump officially recognized the city of Jerusalem as Israel’s true capital and declared an official intent to move the US embassy there. The decision faced a condemnation from the regional powers, including Egypt, Iraq, Syria, Algeria, Turkey, Qatar and Iran, and the international community. The observed reduc...
Explore the latest geopolitical developments