Saudi Arabia and Kuwait assert ownership of Durra field

Saudi Arabia and Kuwait underscored their unequivocal stance regarding the Durra field, asserting its location entirely within Kuwait's exclusive maritime areas. They emphasized that the natural resources in the divided submerged area, including the Durra field, are shared exclusively between Saudi Arabia and Kuwait. This unequivocal stance rejects any claims of rights by any other party in this area.

The assertion of this stand came in a joint statement issued following the visit of Kuwait's Emir, Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, to Saudi Arabia on Tuesday. During the visit, the Kuwaiti Emir held talks with Saudi Arabia's King Salman, as well as Crown Prince and Prime Minister Mohammad bin Salman.

The two nations renewed their call on Iran to engage in negotiations over the eastern border of the divided submerged area, involving Kuwait and Saudi Arabia as one party, in accordance with international law.

Saudi Arabia and Kuwait have reaffirmed their call to neighboring Iraq to honor the 2012 agreement concerning the regulation of navigation in the Khor Abdullah waterway.

The joint statement emphasized the importance of the Khor Abdullah agreement, which came into force on December 5, 2013, after ratification by both countries and subsequent submission to the United Nations on December 18, 2013.

The two nations expressed their disapproval of Iraq's unilateral cancellation of the security exchange protocol established between Kuwait and Iraq in 2008, as well as the endorsed map signed between the two countries on December 28, 2014. The map included a clear mechanism for amendment and cancellation.

Moreover, Saudi Arabia and Kuwait reiterated their support for the UN Security Council Resolution No. 2107 (2013). This resolution seeks the Special Representative of the Secretary-General to facilitate efforts in determining the fate of missing Kuwaitis, and third-country nationals, and the return of the seized Kuwaiti property, including national archives.

The joint statement covered various aspects of cooperation, including economic, commercial, and investment collaboration. Both sides hailed the growth of trade relations and mutual investments, emphasizing the importance of expanding economic cooperation and partnership, aligning with their respective visions – Saudi Arabia's Vision 2030 and Kuwait's Vision 2035.

The Saudi side extended an invitation to Kuwaiti investors and companies to expand their presence in the Kingdom and take advantage of available investment opportunities. Additionally, the two nations expressed their desire to sign an agreement to prevent double taxation.

On the defense and security front, both countries highlighted their commitment to strengthening defense cooperation and strategic relations to ensure regional security and stability. They emphasized the importance of combating crimes such as drug trafficking, border security, extremism, and terrorism, and promoting a culture of moderation and tolerance.

Regarding the Palestinian territories, Saudi Arabia and Kuwait voiced deep concern about the humanitarian crisis in the Gaza Strip due to the Israeli occupation's military operations. They called for international action to halt the Israeli aggression, protect civilians, and enable humanitarian organizations to provide aid to Palestinians. They stressed the need for a comprehensive and just settlement of the Palestinian issue based on a two-state solution, the Arab Peace Initiative, and relevant UN resolutions.

The joint statement also addressed the Yemeni crisis, expressing support for international and regional efforts to reach a comprehensive political solution. Kuwait praised Saudi Arabia's initiatives aimed at encouraging dialogue and reconciliation among Yemeni parties, as well as the Kingdom's humanitarian aid efforts.

Regarding navigation in the Red Sea, Saudi Arabia and Kuwait emphasized the importance of maintaining security and stability in the region and respecting the right to safe maritime navigation in accordance with international law and the United Nations Convention on the Law of the Sea of 1982. They called for restraint and de-escalation amid the region's heightened tensions.

Why United States has bases in Middle East?

United States has been operating bases around the Middle East for decades. Often questions are asked: what are US troops doing in the Middle East and where are these bases located? These questions have got louder after three US soldiers were killed and dozens wounded as a drone hit a military outpost in Jordan, known as Tower 22, on Sunday. The location is just one of many bases the US has in the Middle East.

Tower 22 holds a strategically important location in Jordan, at the most northeastern point where the country's borders meet Syria and Iraq.

Specifically, Tower 22 is near Al Tanf garrison, which is located across the border in Syria, and which houses a small number of US troops. Tanf had been the key in the fight against Islamic State and has assumed a role as part of a US strategy to contain Iran's military build-up in eastern Syria.

US bases are highly guarded facilities, including with air defense systems to protect against missiles or drones.

Facilities in countries like Qatar, Bahrain, Saudi Arabia and Kuwait are not usually attacked, but US troops in Iraq and Syria have come under frequent attacks in recent years.

Reportedly, since October 07, 2023 US troops have been attacked more than 160 times, injuring about 80 troops, even prior to Sunday's attack on Tower 22, which has injured around 40 more

The US has been operating bases around the Middle East for decades. At its peak, there were more than 100,000 US troops in Afghanistan in 2011 and over 160,000 personnel in Iraq in 2007.

The number has declined substantially after withdrawal from Afghanistan in 2021, but still about 30,000 US troops scattered across the region.

Since the Israel-Gaza war began in October 2023, the US has temporarily sent thousands of additional troops in the region, including on warships.

The largest US base in the Middle East is located in Qatar, known as Al Udeid Air Base and built in 1996. Other countries where the US has a presence include Bahrain, Kuwait, Saudi Arabia and the United Arab Emirates (UAE).

The US has roughly 900 troops in Syria, in small bases like al Omar Oil field and al-Shaddadi mostly in the northeast of the country. There is a small outpost near the county's border with Iraq and Jordan, known as the Al Tanf garrison.

There are 2,500 personnel in Iraq, spread around facilities like Union III and Ain al-Asad air base, though talks are ongoing about the future of those troops.

 US troops are stationed in the Middle East for different reasons and with the exception of Syria, they are there with the permission of each country's government.

In some countries like Iraq and Syria, US troops are there to fight against Islamic State militants and are helping local forces. But they have come under attack over the past several years and have taken action against the attackers.

Jordan, a key US ally in the region, has hundreds of US trainers and they hold extensive exercises throughout the year.

In Qatar and the UAE, US troops have a presence to reassure allies, carry out training and are used as needed in operations in the region.

While Washington's allies sometimes send their troops to train or work with US troops, there are no foreign military bases inside the United States.

 

 

 

 

 

Israel pushing United States into a full-fledged war in Middle East

President Joe Biden’s unwavering, unjustified, and blind support for Israel’s carnage in the Gaza Strip is pushing the region into a wider conflict.

The United States is already caught in a conflict with Yemen’s Ansarullah and the Islamic Resistance in Iraq, which has claimed responsibility for the Sunday drone attack on a US base in Jordan near the border with Syria that left three US three service members dead. 

Hamas reacted to the drone attack, saying it was a message to the American administration and that the American-Zionist aggression on Gaza risks a regional explosion.

Biden has been opposing a ceasefire in Israel’s war in Gaza, shipping weapons to Israel, and vetoing UN Security Council resolutions calling for a ceasefire in Gaza.

Moreover, the shadow of a full-fledged war between Israel and Hezbollah is looming.

While the scandalous US exit from Afghanistan in August of 2021 is still fresh in minds, the US is inadvertently but foolishly being dragged into another war in the region.

Ansarullah started attacking American vessels and warships in the Red Sea and the Gulf of Aden just because the United States and Britain have so far launched a series of attacks on sites inside Yemen in response to Ansarullah’s attacks on Israeli vessels and those destined to and from Israel’s ports.

Ansarullah had said if Israel allowed humanitarian aid into Gaza and stopped the war on the besieged enclave it would have ceased attacks on Israeli-linked vessels.

However, Biden, instead of pressing Israel to end its savage war in Gaza, decided to launch attacks on Yemen.

In a commentary immediately after the attacks on US troops in Jordan, the Qunicy Institute said, “They (three service members) didn’t die defending US interests, they died defending Biden’s refusal to press Israel for a ceasefire. Their lives were put at risk by Biden to defend Israel’s ability to continue its carnage in Gaza.” 

Given the United States’ bitter wars in Afghanistan and Iraq, it was expected that Biden and his national security team would deal with the Gaza war circumspectly, especially as many countries, politicians, analysts and international bodies have been warning about the spread of the war in the region.

The Biden administration has been claiming that it opposes the spread of war but in practice it is adding fuel to the fire by backing criminals in Tel Aviv whose thirst for blood is unquenchable.

Now the feeling to respond to those who killed American troops in Jordan’s border with Syria is boiling. This feeling is being fanned by Republican hardliners.

With each passing day, the US is getting closer to a new bloody, endless, foolish, and guerrilla warfare in the Middle East. Since the attack by Hamas on Israel on October 07, former and current officials in Israel have been earnestly working to push the US toward a war in the region.

It seems that they are succeeding in their plot and the region is entering a highly dangerous situation.

Former Israeli Prime Minister Naftali Bennett wrote an op-ed in the Wall Street Journal on December 28 headlined “The US and Israel need to take Iran on directly”.

We hope that the United States under the Biden administration will come to its senses and stop sacrificing the US interests for Israel.

Courtesy: Tehran Times

Gold prices to remain on upward trajectory

Gold prices are expected to dip in the near term before climbing to new highs later in the year, peaking at $2,300/ounce (oz) in 2025. This would be driven by further interest rate cuts by the US Federal Reserve and falling US real yields  

According to a report by JP Morgan Research, this would be driven by further interest rate cuts by the US Federal Reserve and falling US real yields  

Following the first cut of the last three Fed cutting cycles in 2001, 2007 and 2019, gold prices have followed an upward trajectory.

The commodity soared to an all-time high of $2,135.39/oz at the end of 2023 after a powerful rally was sparked by central bank purchasing and mounting investor concern over the Israel–Hamas and Russia–Ukraine conflicts, the report said.

“Commodities are unlikely to benefit from core inflation in 2024. Inflation should fall to under 3%, so that, along with properly timing the business cycle, are the two conditions needed to initiate long positions, making the outlook for the sector very tactical in 2024,” said Natasha Kaneva, Head of Global Commodities Strategy at JP Morgan.

“Across commodities, for the second consecutive year, the only structural bullish call we hold is for gold and silver.”

Economic and geopolitical uncertainty tend to be positive drivers for gold, which is widely seen as a safe-haven asset due to its ability to remain a reliable store of value.

"It has low correlation with other asset classes, so can act as insurance during falling markets and times of geopolitical stress."

 

 

Aramco to maintain oil production at 12 million bpd

Saudi Aramco, the world's largest oil-producing company, announced on Tuesday that it has received directives from the Ministry of Energy to maintain its maximum sustainable capacity (MSC) at 12 million barrels per day. This directive puts a hold on previous plans to increase production to 13 million barrels.

The determination of MSC, as outlined in the press release, is a responsibility of the state under the Hydrocarbons Law, which was enacted by Royal Decree M/37 on December 20, 2017. This law provides the framework for Saudi Arabia's oil production strategies and capacity decisions.

Aramco also indicated that it would provide an update on its capital spending guidance when it announces its full-year 2023 results in March. This update is eagerly anticipated by investors and market analysts, as it will provide insights into the company's strategic planning and investment priorities in light of the current market conditions and the ongoing energy transition.

Iran denies involvement in killing of US troops

Iran’s mission to the United Nations has noted that Tehran is not embroiled in last night’s drone attacks on the US troops stationed in Jordan.

In a statement on the late Sunday, it said that this matter is not tied to Iran but a kind of conflict between US forces and resistance groups.  

The statement comes in the wake of drone attacks on a US base on the border of Jordan and Syria that left three American forces killed and at least 34 wounded.

It went on to add that there is no link in the attack, underling that the incident was part of the conflict between the army of the United States of America and resistance groups in the region, which reciprocate retaliatory attacks.”

The US President Joe Biden purportedly said that Iranian-backed groups are culprits of the attack.

The escalation of menacing rhetoric started a day after the incident among certain world countries and anti-Iran media outlets, alleging that Iran has provided weaponry to its so-called proxies in Iraq and Yemen. Such a spurious claim was vehemently dismissed by Iranian officials.   

The attack marks the first time that US military personnel were killed since the onset of the Israeli onslaught on Gaza on October 7.

Biden, in his statement, pointed out that all kinds of efforts are underway to garner information about the culprits and then bring them to justice.    

“Have no doubt – we will hold all those responsible to account at a time and in a manner of our choosing,” he said.

Based on a statement issued by the United States Central Command (USCENTCOM or CENTCOM), it was stated that there is a possibility that the number of those injured in the attack would increase.  

Eight personnel were evacuated from Jordan for higher-level care, but are in stable condition.

The US president vowed revenge for those involved in the attacks, saying, “These service members embodied the very best of our nation: Unwavering in their bravery. Unflinching in their duty. Unbending in their commitment to our country — risking their own safety for the safety of their fellow Americans, and our allies and partners with whom we stand in the fight against terrorism. …  have no doubt – we will hold all those responsible to account at a time and in a manner our choosing.”

Iranian Foreign Ministry spokesman Nasser Kanaani reacted to the attacks on Monday, saying, “As we have clearly stated before, the resistance groups in the region are responding to the war crimes and genocide of the child-killing Zionist regime and… they do not take orders from the Islamic Republic of Iran.”

The spokesman ruled out the baseless accusations against Iran, describing them as a blame game and a plot by those who try to protect their own interests and cover up their problems by dragging the US into a new conflict in the region and provoking it to intensify the crisis.

He went on to add, “These groups decide and act based on their own principles and priorities as well as the interests of their country and people.”

Kanaani also averred that the allegations of Iran’s involvement are popped up by certain countries having political machinations to distort the realities and are under the direct influence of the child-killing Zionist regime. 

The Islamic Resistance in Iraq claimed responsibly for the attacks on three bases, including one on the Jordan-Syria border.

Since the start of Israel’s onslaught on the Gaza Strip on October 7, there have been around 160 attacks on US forces in Iraq and Syria. Most of those have been claimed by regional resistance forces.

Iranian officials have frequently said resistance groups act on their own in response to Israeli crimes in Gaza.

 

US attack on Iran could prove a fatal mistake

The killing of three United States troops and wounding of dozens more on Sunday is piling political pressure on President Joe Biden to deal a blow directly against Iran, a move he's been reluctant to do out of fear of igniting a broader war.

However many in the United States believe that direct attack on Iran or its bases in the neighboring countries could prove a big mistake

"As we see now, it is spiraling out of control. It's beginning to emerge as a regional war, and unfortunately the United States and our troops are in harms way," Democratic Representative Barbara Lee said, renewing calls for a ceasefire in the Israel-Palestinian war.

Democratic Representative Seth Moulton, who served four tours in Iraq as a Marine, urged against Republican calls for war, saying "deterrence is hard; war is worse.”

"To the chicken hawks calling for war with Iran, you're playing into the enemy's hands—and I’d like to see you send your sons and daughters to fight," Moulton said. "We must have an effective, strategic response on our terms and our timeline."

Experts caution that any strikes against Iranian forces inside Iran could force Tehran to respond forcefully, escalating the situation in a way that could drag the United States into a major Middle East war.

Jonathan Lord, director of the Middle East security program at the Center for a New American Security, said striking directly inside Iran would raise questions for Tehran about regime survival.

"When you do things overtly you represent a major escalation for the Iranians," Lord said.

Charles Lister of the Washington-based Middle East Institute said a likely response would be to go after a significant target or high-value militant from Iran-backed groups in Iraq or Syria.

"What happened this morning was on a totally different level than anything these proxies have done in the past two to three months... (but) despite all of the calls to do something in Iran, I don't see this administration taking that bait," Lister said.

"Unless the US is prepared for an all out war, what does attacking Iran get us," the official said.

Israel had hit Iranian targets in Syria for years, without dissuading Iran, including four Iranian Revolutionary Guard Corps officials in Damascus.

The United States has also struck Iranian-linked targets outside of Iran in recent months.  

But Lister said the US had gone after Iranians outside of Iran in the past, like the 2020 strike against top Iranian general Qassem Soleimani, and only yielded a response during a limited period of time.

"So to an extent, if you go hard enough and high enough, we have a track record of showing that Iran can blink first," Lister said.

According to a Reuter report, Biden's response options could range anywhere from targeting Iranian forces outside to even inside Iran, or opting for a more cautious retaliatory attack solely against the militants responsible.

The US forces in the Middle East have been attacked more than 150 times in Iraq, Syria, Jordan and off the coast of Yemen since the Israel-Hamas war erupted in October.

But until Sunday's attack on a remote outpost known as Tower 22 near Jordan's northeastern border with Syria, the strikes had not killed the US troops nor wounded so many. That allowed Biden the political space to mete out US retaliation, inflicting costs on militants without risking a direct war with Tehran.

Republicans accused Biden of letting American forces become sitting ducks, waiting for the day when a drone or missile would evade base defenses. They say that day came on Sunday, when a single one-way attack drone struck near base barracks early in the morning.

"He left our troops as sitting ducks," said Republican US Senator Tom Cotton. "The only answer to these attacks must be devastating military retaliation against Iran's terrorist forces, both in Iran and across the Middle East."

The Republican who leads the US military oversight committee in the House of Representatives, Representative Mike Rogers, also called for action against Tehran.

"It's long past time for President Biden to finally hold the terrorist Iranian regime and their extremist proxies accountable for the attacks they've carried out," Rogers said.

Former President Donald Trump portrayed the attack as a consequence of Joe Biden's weakness and surrender.

One Democrat openly voiced concern that Biden's strategy of containing the Israel-Hamas conflict to Gaza was failing.