Politics, Geopolitics & Conflict
An oil tanker set to load crude from a Libyan port was turned away this week because it had made a run to Israel prior to attempting to load in Libya. Libya’s eastern government (the rival to the Tripoli-based GNA) had previously called for an oil embargo on Israel. Head of the GNA and interim president Dbeibah is under immense pressure right now to make a show of protesting Israel’s aggression in Gaza after secret meetings he orchestrated towards normalization with Israel just prior to the Gaza conflict were exposed.
With Russian presidential elections looming in March 2024, Putin is pulling out all the stops. This week Moscow jailed three lawyers representing incarcerated opposition leader Alexei Navalny, labeling them as “extremists” and “terrorists”. Putin is fully committed to winning the elections, much more than he is actually committed to the war in Ukraine, which is trudging along. Instead, Putin is saber-rattling for Western eyes, this week loading an Avangard nuclear-capable glide vehicle on an intercontinental ballistic missile into a launch silo. The move was said to be capable of penetrating a new generation of U.S. missile defense.
Chevron has restarted the Israeli Tamar gas field after it was ordered shut for security reasons in early October in the immediate aftermath of the Hamas attack on Israel. Israeli natural gas flows to Egypt are now recovering, up at least 60%…