Nuclear Issues

Secretary of State Mike Pompeo’s most recent announcement on Iran policy has raised some eyebrows. He indicated on Monday morning that the Trump administration will not renew waivers to importers of Iranian crude and that other suppliers (meaning Saudi Arabia) have agreed to increase production in to ensure the global oil market remains well-supplied. Skeptics question whether — after last summer’s debacle — there is sufficient trust between Washington and Riyadh for this arrangement to work. What skeptics may not have digested is that, while timing remains a problem, this is a classic win-win situation. It is a near-perfect example of the very limited universe of occasions when transactional diplomacy could actually work.

Last May, Chinese solar panel manufacturer LONGi signed an agreement with Saudi trading company El Seif Group to establish large-scale solar manufacturing infrastructure in Saudi Arabia. The deal came several months after the Trump administration's imposition of global tariffs on imports of Chinese solar panels and cells.

The world was in suspense a week ago wondering whether OPEC and non-OPEC producers would put more oil on tightening global markets. Turns out: Yes, they will. But, as the story does not end here, it is worth assessing where we are and how we got here. While the U.S. seems to have gotten what it wanted, it is not all good news.

Before the Fukushima Daiichi nuclear accident, China had big nuclear expansion plans, with more than 40 reactor units under construction or in planning. The Fukushima disaster led China to conduct safety inspections of all its reactors and to suspend nuclear project approvals until a new nuclear safety plan could be adopted. Under Beijing's new safety regulatory system, reactors that are operating or under construction will be spared major redesign, but future projects will face re-engineering, perhaps leading the Chinese to adopt safer third-generation reactor designs created by Chinese firms.

WASHINGTON needs to learn to talk, listen, and engage more and condemn less.

"...the Bush administration's foreign policy rests on a deep misreading of contemporary world politics. Conducting foreign policy on the basis of flawed premises is like designing an airplane while ignoring gravity...."

"Set against the probable weakness of the threatened sanctions is the fact that in Iran’s domestic politics, abandonment of the challenged aspects of the nuclear program would be seen as an intolerable and unforgivable capitulation to Washington’s pressure and manipulations."

It has been over a month since Platon Lebedev, a key figure in Russia's most valuable company and biggest oil producer Yukos, was abruptly and publicly arrested. And while the initial shock has worn off, the implications of what is seen by most as a Kremlin attack on one of Russia's most successful oligarchs remain serious

"...Iraq has never gone to war in the face of a clear deterrent threat."

As preparation for war against Iraq intensifies, the time has come to pause and consider the view from Baghdad. Conclusions from such an exercise are not comforting. But to strike without thinking seriously about what Saddam Hussein could do to us would be irresponsible.