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BBC reports on Iran protests January 2026. Protests happened with students, with women periodically over the last two decades. Iran over the years since the monarchy in the 1880's and democratic movements (parliaments) in 1900's, monarchy in the 1930's and 1960's, socialist governments 1960's. Cold War and restored monarchy in 1970's, religious theocracy 1990's till today has gone through many different governments. It was part of the British Empire (that included India/Pakistan) and Russia's buffer region in the 18th and 19th century.  After economic sanctions from US and Europe the economy depends on sanctioned oil exports. Its defense operations divert much of the funding from oil based resources away from economic development . Much of that was a result of the anticolonial socialist ideologies that spread from North Africa (Algeria, Egypt) to Iraq and Syria that led to wars in Egypt, Syria, Iraq and Afghanistan- which also led to Iraq's version the Baathist ideology invading Iran. Russia and the US have extracted themselves at much loss from these conflicts by 2025 and are posed at a historic rapprochement in relations. For Iran there is today no danger from the region or from European powers, and like the US the people and the country are asking questions about the economic and living conditions from so much in resources now diverted to external conflicts- like the US the people in the region of Iran and the entire Middle East apart from a few small oil rich regions with a tiny part of the overall population- maybe 5% in Qatar and UAE, and Saudi- feel the impact of little investment in rapid economic development of the overall region. A region with a population close to the European Union of 500 million but a tiny fraction of economic development investment for the vast majority of people in Egypt and other parts of North Africa and regions of Syria, Iraq, Iran, Afghanistan, Sudan. Most of the investment of $1 trillion is concentrated in the 10% of the population of over 500 million people in oil resource Saudi Arabia, UAE/Qatar monarchies, the rest languishing in war, and now meaningless- in terms of living standards- of anticolonial ideologies or militant religious ideologies, or internecine/ethnic conflict. ...

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The Saudi increase production but only by a modest amount of 300,000 barrels a day. President Bush meets the Saudi king in Riyadh, Saudi Arabia and with Al Naimi, the Saudi oil minister. Pressure is increasing in Congress as some Democrats are calling for sanctions against the Saudi government. The Saudi position is that they will increase production only if the refineries demand it. Odd position because refineries are not going to increase demand as long as they have to pay higer prices for crude oil and their margins are shrinking from higher oil prices- this is true of the independent refiners like Valero and Tesoro.

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Heavy foreign borrowings from Qatar, UAE, Saudi Arabia, help sustain the Turkish economy in 2022. Private companies reduce their non lira borrowings after dollar borrowings became unsustainable. Inflation reaching a high of 80% is likely to ease in 2023 to 20% in line with global inflation in other countries. Turkey's current account deficit is about 0.3 billion in November, down from 2.9 billion the prior month as global energy prices decline. The dollar is coming down from its peak and central banks are expected to bring rates down with slowing inflation. The net international reserves have reached $23 billion. A 60% drop in the currency has increased tourism revenues. Mr. Erdogan is likely to run again for president in 2023, which will be his last run for the presidency. 

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At a time when multilateral financial and other institutions are not working properly on behalf of countries in the Global South, the G20 is seen as the place where the poor countries can find a voice. The African Union was admitted to the G20 nations with the support of India and the US at the New Delhi Summit. Before this the only nation from Africa was South Africa. The other countries are the original G8- US, Canada, Germany, France, European Union, Britain, Italy, Japan. These countries represented the already advanced economies. To these nations were added the newly advanced economies of Russia, South Korea and China, Australia for 11 economies. The 7 rapidly developing nations added are India, Indonesia, Brazil, Argentina, Mexico, Turkey, Saudi Arabia, South Africa.

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Oil prices are forecast to remain above $100 a barrel in 2012 because of higher social spending in Saudi Arabia, Iran and other countries after the democracy protests, and the threat of retaliation by Iran in the Straits of Hormuz. Iranian threats of retaliation for increased sanctions has embedded a $10-$20 premium in oil prices say some experts.

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The 2018 report on doing Business ratings shows China at 78th place same as before when it should be 85th in the world. The World Bank is correcting the data in the report. It is seen as the result of manipulation of data as a result of "undue pressure" reported by members of the the Doing Business ratings team at the World Bank. The 2020 report is also being corrected for giving the UAE and Saudi Arabia a higher rating. The review was carried out by senior management of the World Bank in place in June 2020.

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Prime Minister Narendra Modi gives his radio broadcast Mann Ki Baat -Conversation from My Mind- for June 2024, returning from the months long general election. The arrival of the monsoon rains gives Modi an opportunity to showcase umbrellas made by small industry in Kerala, on the southeast coastline of India. To showcase Indian products is a regular aspect of the radio show. Here Modi shows that snow peas from Pulwama, Kashmir are now going to London, England. Araku coffee gives employment to 150,000 tribal people in Andhra Pradesh. It is becoming known in Europe. Modi extols the images of hundreds of thousands of people doing yoga near the Nile river and on the Red Sea coastline in Egypt, and Yoga day sessions in Kashmir and in Saudi Arabia. International Yoga Day was an opportunity to do yoga in Srinagar, Kashmir.

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Russia stated at a meeting of OPEC oil producers that it would not accept cuts in oil production to stabilize the oil market. The coronavirus effects on the world economy have resulted in a sharp decline in demand for oil. This lack of an agreement among oil producers is leading to a steep drop of 30% in oil prices on March 9, 2020. The Russian position in talks was that it was too early for deep cuts considering that the  true impact of the coronavirus on the world economy was unknown, and that the loss of 1 million bbd from Libya had already reduced production. Experts say the Russians wanted to stabilize oil prices around $50 a barrel and the Saudis a bit higher. Under the OPEC agreement Russia would have to reduce its production by 1.5 million barrels per day (bbd), in addition to 2.1 million bbd from previous cuts that would be extended to March, which it found unacceptable. The impact of the double whammy of continued increase in coronavirus cases around the world and the drop in oil prices as a reflection of business confidence was also felt in world stock markets.  Russia's budget is less sensitive to oil prices than the Saudis. The Saudis need somewhere near $80 per barrel to breakeven. Analysts say Russia does not want to lose market share to American shale oil companies which do not have output cuts and benefit from lower oil prices. Shale oil companies in the U.S. are struggling in the present situation of low prices as many of them need $65 a barrel in price to breakeven. About 208 shale oil companies in the U.S. made bankruptcy filings since 2015.  The oil importing countries with increasing oil imports such as India will benefit from the drop in oil prices. Japan and other oil importing countries in Europe, Africa and Asia will also benefit as Russia and the Saudis go all out to increase production. ...

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A country smaller than the US state of Connecticut will host the first World Cup Soccer games in the Arab world from November 21 to December 18. England will play US , the day after Thanksgiving.

Group A  Netherlands with Qatar, Ecuador, Senegal

Group B   England with Iran, US, Wales or Scotland/Ukraine

Group C.  Argentina with Saudi, Mexico, Poland

Group D   France with Peru, Australia/United Arab Emirates, Denmark, Tunisia

Group E  Spain, Germany, Japan with Costa Rica or New Zealand

Group F  Belgium with Canada, Morocco, Croatia

Group G.  Brazil with Serbia, Switzerland, Cameroon

Group H   Portugal with Ghana, Uruguay, South Korea 

Defending champion France has it better in its group. 

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Nineteen year old Belgian Zara Rutherford becomes the youngest woman to fly solo roundtrip around the world. Her parents are avid pilots and she learned to fly at the age of 14. She took off in a microlight plane Shark Aero on Aug 18 and landed after 52,000 kilometres of flying in Flanders on Jan. 20. She went through UK, Greenland, Americas, Siberia, Southeast Asia, India, Saudi Arabia and Europe. In that journey she went through freezing temperatures over Siberia, smog in India and wildfires over the US northwest.

She plans to study electrical engineering and would like to see more girls taking interest in science and engineering, and in flying planes.

Her approach was bold and straightforward. It was a trip that she thought was- impossible, expensive, complicated, dangerous, a logistical nightmare, so she never thought about it twice. 

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Gregory White and Anton Troianovski provide this exceptional account of how Russian president Putin miscalculated all through 2013 and 2014 about the way Germany and the EU would respond to Russia's actions in Ukraine. Putin also according to other accounts miscalculated how Saudi Arabia and OPEC nations would act on maintaining oil production in the middle of a slowdown in the economies of Asia and Europe. A combination of events beyond his control such as the economic slowdown in the second half of 2014, with the miscalculations on OPEC price moves particularly following Russia's failed Syrian intervention disrupting Saudi-Russian relations, caused the damage. Major miscalculations were made about German cooperation in the face of Putin's moves- the changed convictions of German chancellor Merkel about Russian intentions following repeated Ukraine interventions, and changes in German public opinion following the downing of a Malaysian airliner flight in which many Dutch citizens lost their lives. Putin used subterfuge to coverup his actions making his story line less credible with Germans with each repetition. The result of these miscalculations and lost confidence in Russia's economy and policymaking is that the Ruble dropped to 62 to the dollar, losing nearly half its value in 2014, and a deep recession expected in 2015. Even though Russian takeover in Crimea enjoys support and Putin still has widespread support for nationalist policy with a tightly controlled media, many officials in the government and business leaders warned about the dangers for Russia's economy in 2014. Former finance minister Kudrin, and the head of Sberbank, who were principal architects for Russian finances and economic policy reforms, were clear about the dangers. Only by Nov- Dec 2014 were their voices being heard. ...

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The peace plan calls for the establishment of an International Stabilization Force. IDF, Israel Defense Forces would hand over parts of Gaza to the ISF made up from troops from Egypt and possibly Jordan, and other countries that would along with the US be responsible for demilitarizing Gaza removing tunnels and munitions and weapons so that it no longer poses a threat. An Economic Plan supported by the Saudis, UAE and the US would step in to rebuild Gaza for the benefit of the people of Gaza. No militant group would be allowed, complete demilitarization assured, the focus would be on economic develoipment for the area and other areas of Palestinian territory in West Bank. 

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With 9.5 million barrels a day cut for U.S. G20 and OPEC+ negotiated by president Trump many Texas oil wells will be shut in. Even with these cuts price is sensitive after dropping to $22 by April 12, 2020. The cuts averted a complete collapse in oil prices when markets opened on April 13. By April 12 oil demand worldwide had fallen by 30 million barrels a day. That is how grave the situation was. By doing so the U.S. protected its oil industry. There was complete lack of leadership from Russia, Saudis, Mexico and other countries until president Trump intervened with strong action. Trump threatened tariffs on imported oil to protect the U.S. oil industry if other nations did not come to terms, including calls from U.S. senators telling prince Abdulaziz the Saudi oil minister the U.S. Saudi relationship could not be salvaged if the Saudis did not come to an agreement. Once again president Trump's tariff moves worked, this time to save the world oil industry and oil producing economies such as Russia from severe hardship. ...