CatalystCommodities
US LEAVING OIL - FOR - SECURITY APPROACH , NOT MIDDLE EAST : ENVOY TOM BARRACK
Envoy Tom Barrack says US shifting oil-for-security approach away from Middle East.
Context
What happened: US diplomat Tom Barrack said at the Global Security Forum in Doha that the United States is moving away from its security-for-oil relationship with the Middle East and no longer seeks to dominate the region, while not leaving it.
Key numbers: Barrack cited 23 regime changes across the wider Middle East.
Why it matters: Analyst Luciano Zaccara said Barrack effectively acknowledged that regime change, a stated Trump objective in the war on Iran, was unlikely to succeed. US-Iran negotiations continue, with Iran's seven-day proposal awaiting a US response.
What changed
US diplomat Tom Barrack said at the Global Security Forum in Doha that the United States is moving away from its security-for-oil relationship with the Middle East and no longer seeks to dominate the region, while not leaving it.
Why it matters
Analyst Luciano Zaccara said Barrack effectively acknowledged that regime change, a stated Trump objective in the war on Iran, was unlikely to succeed. US-Iran negotiations continue, with Iran's seven-day proposal awaiting a US response.