International
security/ Bifurcation in Russian policy
While
Saudi Arabia benefits from a weak oil market, and Iran is coping with it, the
collapse in the price of oil, coupled with Western sanctions, could prompt
Russia to embark upon a more dangerous course in foreign affairs.
Those were the major conclusions of a panel discussion
on the geopolitics of oil prices hosted by the Center for the National Interest in Washington, DC on Tuesday.
Chas Freeman, the former U.S. Ambassador to Saudi
Arabia, initiated the discussion by explaining that conspiracy theories about
the decline in oil prices are bogus. In his view, Saudi Arabia did not “have
anything to do with the [oil] price collapse.”
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