In yet another move that hovered somewhere between provocative and pestilent, Iran has again engaged in a series of naval and missile exercises in the Persian Gulf. The battery of tests, conducted last week and centered on the Strait of Hormuz—the highly important passageway through which one-fifth of the world’s …
As recent as last summer an article in The Independent, citing assessment from the lead economist at the International Energy Agency (IEA) warned that “The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world …
