Group items tagged

increases in the red line, which signifies Palestinian casualties, typically precede increases in the blue line, which signifies launches of projectiles from Gaza. This is particularly evident before the most significant spikes in the blue line. This suggests that Palestinian launches may be explained, in part, as a response to Israeli projectiles which kill or injure Palestinians

The three Israelis who died as a result of Palestinian projectile fire died during periods of upsurge provoked by preceding Israeli projectile fire into Gaza. In fact, 75% of launches from Gaza came during these upsurges provoked by Israeli fire.

This suggests that it is the Israelis and not the Palestinians who, through their capacity to actually inflict high casualties with their projectiles, control escalation in cross border dynamics. While all launches from Gaza cannot be explained as responses to Israeli fire, most of them are.

ruling parties and tribal figures are settling out [who will adopt] the commanding posts, consequently leading to quarrels and killings. The tribes insist that, for example, the commander of a peshmerga brigade should be from [among] them, and when their demands are met by ruling party officials, they nominate persons who lack any military knowledge and experience

“Both the PUK and the KDP use peshmerga forces under their command for other purposes: to guard orchards and houses of their political bureau members, to safeguard and serve tribal chiefs and even 'artists and dancers.'"

The office of KRG spokesman Jotiar Adil told Al-Monitor that many issues have delayed the unification of the forces. “The process is taking time for a number of reasons," the office stated, "among them new laws that need to be passed on peshmerga retirement and pensions, logistics and finances that need the support of the coalition forces and the Iraqi government

Maj. Gen. Baktyar Muhammed Sadiq, a member of the Ministry of Peshmerga’s reform board, told Al-Monitor that 14 brigades — nearly 40,000 peshmerga forces — are unified under the KRG Ministry of Peshmerga Affairs. “There are plans for unifying all peshmerga forces, including the 70 and 80 forces, but there is no specific timeline yet,” Sadiq said. “There are also plans that the political parties would no longer be involved in recruiting peshmerga forces.”

Fiscal crises caused by falling prices limit governments’ room for domestic maneuver and force painful political choices

The economic profile of the Gulf states is not, however, typical of most oil-producing states. Most have a much lower ratio of oil reserves to population. Many large oil exporters have large and rapidly growing populations that are hungry for consumption, social spending, subsidies, and investment

In February, even before the coronavirus hit, the International Monetary Fund was warning Saudi Arabia and the United Arab Emirates that by 2034 they would be net debtors to the rest of the world. That prediction was based on a 2020 price of $55 per barrel. At a price of $30, that timeline will shorten. And even in the Gulf there are weak links. Bahrain avoids financial crisis only through the financial patronage of Saudi Arabia. Oman is in even worse shape. Its government debt is so heavily discounted that it may soon slip into the distressed debt category

Algeria—with a population of 44 million and an official unemployment rate of 15 percent—depends on oil and gas imports for 85 percent of its foreign exchange revenue

Populous middle-income countries that depend critically on oil are uniquely vulnerable. Iran is a special case because of the punitive sanctions regime imposed by the United States. But its neighbor Iraq, with a population of 38 million and a government budget that is 90 percent dependent on oil, will struggle to keep civil servants paid.

Ecuador is the second Latin American country after Argentina to enter technical default this year.

The oil and gas boom of the early 2000s provided the financial foundation for the subsequent pacification of Algerian society under National Liberation Front President Abdelaziz Bouteflika. Algeria’s giant military, the basic pillar of the regime, was the chief beneficiaries of this largesse, along with its Russian arms suppliers. The country’s foreign currency reserves peaked at $200 billion in 2012. Spending this windfall on assistance programs and subsidies allowed Bouteflika’s government to survive the initial wave of protests during the Arab Spring. But with oil prices trending down, this was not a sustainable long-run course. By 2018 the government’s oil stabilization fund, which once held reserves worth more than one-third of GDP, had been depleted. Given Algeria’s yawning trade deficit, the IMF expects reserves to fall below $13 billion in 2021. A strict COVID-19 lockdown is containing popular protest for now, but given that the fragile government in Algiers is now bracing for budget cuts of 30 percent, do not expect that calm to last.

Before last month’s price collapse, Angola was already spending between one fifth and one third of its export revenues on debt service. That burden is now bound to increase significantly. Ten-year Angolan bonds were this week trading at 44 cents on the dollar. Having been downgraded to a lowly CCC+, it is now widely considered to be at imminent risk of default. Because servicing its debts requires a share of public spending six times larger than that which Angola spends on the health of its citizens, the case for doing so in the face of the COVID-19 crisis is unarguable.

Faced with the price collapse of 2020, Finance Minister Zainab Ahmed has declared that Nigeria is now in “crisis.” In March, the rating agency Standard & Poor’s lowered Nigeria’s sovereign debt rating to B-. This will raise the cost of borrowing and slow economic growth in a country in which more than 86 million people, 47 percent of the population, live in extreme poverty—the largest number in the world. Furthermore, with 65 percent of government revenues devoted to servicing existing debt, the government may have to resort to printing money to pay civil servants, further spurring an already high inflation rate caused by food supply shortages

The price surge of the 1970s and the nationalization of the Middle East oil industry announced the definitive end of the imperial era. The 1980s saw the creation of a market-based global energy economy. The early 2000s seemed to open the door on a new age of state capitalism, in which China was the main driver of demand and titans like Saudi Aramco and Rosneft managed supply

The giants such as Saudi Arabia and Russia will exploit their muscle to survive the crisis. But the same cannot so easily be said for the weaker producers. For states such as Iraq, Algeria, and Angola, the threat is nothing short of existential.

Beijing has so far shown little interest in exploiting the crisis for debt-book diplomacy. It has signaled its willingness to cooperate with the other members of the G-20 in supporting a debt moratorium.

In a century that will be marked by climate change, how useful is it to restore profits and prosperity based on fossil fuel extraction?

The shock of the coronavirus is offering a glimpse of the future and it is harsh. The COVID-19 crisis drives home that high-cost producers are on a dangerously unsustainable path that can’t be resolved by states propping up their uncompetitive oil sectors. Even more important is the need to diversify the economies of the truly vulnerable producers in the Middle East, North Africa, sub-Saharan Africa, and Latin America.

presidential administrations have relied on Article 2 of the US Constitution, which grants limited war powers to the executive branch, and legislation passed by Congress – usually the so-called Authorizations of Use of Military Force (AUMFs).

the administration of Former President Donald Trump used the 2002 Iraq AUMF, in part, to justify the deadly drone strike on Iranian General Qassem Soleimani on the outskirts of the Iraqi capital Baghdad in early 2020.

Iraq remains a particularly significant arena when it comes to the potential for wider escalation. That is largely due to the presence of Iran-aligned militias in Iraq, Iran’s outsized involvement in its neighbour and ongoing political and economic crises. The US has 2,000 troops in Iraq, operating in advisory roles. Foreign forces are regularly targeted by armed groups calling for their removal.

Repeal of the 2002 AUMF has had uniquely bipartisan support in Congress in recent years, with a standalone bill introduced in 2021 by Representative Barbara Lee passing the Democrat-controlled House with the support of 49 Republicans.

Past congressional efforts have made for some interesting bedfellows, with several Trump-aligned legislators in the Republican Party’s farthest-right reaches – including Representatives Matt Gaetz, Marjorie Taylor Greene and Lauren Boebert – joining the Democratic majority in pursuit of repeal.

a Senate floor vote on the standalone repeal never came to pass, likely due to concerns over how much limited floor-time debate over the legislation would eat up, according to analysts

In the Senate, all 11 Republican co-sponsors of the 2022 repeal bill remain in office, while 40 of the 49 Republicans who supported the House bill in 2021 have kept their seats.

large portions of the Republican Party remaining opposed