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Oil war: How US and Saudi crashed crude prices to hurt Russia, Iran, Venezuela in 2014

Geopolitical Economy Report

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Saudi Arabia Is Playing Chicken With Its Oil

CNN's John Defterios says the move would be a massive blow to US political and economic hegemony. If Saudi Arabia, which historically has been a US client regime, if it actually does so, this is a completely historic shift," he said. "We can't understand geopolitics today and the economic crisis in Venezuela and the attacks on Iran and Russia without understanding this US strategy"

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