How bad are things under Obama? So bad that the Saudis are taking the lead in dealing with Iran. Their particular form of Iran sanctions are a bit roundabout but sit well with anyone who drives a car.
The Saudis are using cheap oil to wreck Iran’s economy and discourage American energy exploration. The latter doesn’t seem to be working too well, but the former sure is. (via Religion of Peace)
The Iranian regime has slashed its funding of terrorist groups in the Middle East after its budget was hit by a plunge in oil prices.
The regime is now allocating 25 per cent less to Lebanese Hezbollah and other paramilitary groups dependent on the clerical regime for their cash-flow, Kuwaiti newspaper al Qabas said.
A sharp drop in oil prices from $140 a barrel to around $75 a barrel was cited as the main reason for the cut in spending on groups that Iran pays to meddle in the region.
Experts now predict that plunging oil prices could send the Iranian economy spiralling into even deeper debt next year.
Unlike Obama’s useless sanctions, the Saudi approach is cleverer because it devalues Iranian exports. Unlike sanctions, there’s no point in smuggling out anything when you’ve devalued the entire product. The Saudis have the resources, the deep pockets and the network to do something like this and while it won’t stop Iran’s nuclear program, it will cause assorted problems, not least by making the whole empty spectacle of negotiations appear worthless.





















