Saturday, 30 August 2025

Mahmoud Abbas Becomes Redundant

The Trump administration announced Friday it would deny and revoke visas for about 80 senior Palestinian officials, including President Mahmoud Abbas, ahead of the UN General Assembly in New York in September. The move, unprecedented in scope, would bar most of the Palestinian delegation from one of their few global platforms.

The State Department justified the measure by citing the Palestinian Authority’s appeals to international courts, its alleged refusal to condemn the October 07 attacks, and its pursuit of unilateral recognition. Yet the decision violates the 1947 UN Headquarters Agreement, which obliges Washington, as host state, to admit all delegations. International law, like diplomacy, is treated in Washington as a tool bent to Israel’s interests.

Contrary to US assertions that Abbas has not condemned the Hamas October 07 operation, in a letter sent in early June 2025 to French President Emmanuel Macron — and also to Saudi Crown Prince Mohammed bin Salman — Abbas wrote that what Hamas did, “in killing and taking civilians hostage, is unacceptable and condemnable.” He further called for the immediate release of all hostages, the dismantling of Hamas’s military capabilities, and its removal from power in Gaza.

The ban is striking because the Palestinian Authority has long served as a subcontractor for Israel’s occupation. Rather than a liberation movement, Mahmoud Abbas and Fatah became administrators of an imposed status quo.

The so-called PA “security forces” have worked closely with Israel to suppress resistance—arresting fighters, dispersing protests, and keeping order while settlements expanded. The Authority collected taxes, ran services, and projected a façade of sovereignty as Israel tightened control.

Again and again, Abbas bent to US and Israeli demands: endless “peace talks” without peace, restraining international campaigns against Israel, and managing a bureaucracy designed more to pacify than to resist.

His rhetoric echoed Washington’s ostensible preference for negotiations over confrontation. Yet the moment he pursued even mild accountability—seeking prosecutions in The Hague, he and his entourage were punished like enemies.

The lesson is clear. Compliance has not protected Abbas. Obedience has not earned favor. By banning the delegation, Washington has shown that subservience guarantees nothing. The PA’s decades of compromise have delivered only humiliation, proving that trading resistance for hollow promises is a bargain with no reward.

Washington claims its decision safeguards peace, but hypocrisy is obvious. In 1988, it denied Yasser Arafat a visa, forcing the UN to relocate to Geneva so he could speak.

In 2013, it barred Sudan’s Omar al-Bashir over his ICC indictment. Yet Benjamin Netanyahu—himself wanted by the ICC for Gaza crimes—will address the Assembly without issue. Law is wielded selectively; principle turned into a cudgel.

Timing also reveals intent. France, the UK, and Canada are preparing to recognize Palestine, joining nearly 150 countries that already do. Washington fears Abbas might use the UN podium to press for independence, and so silences him preemptively. This is not diplomacy but sabotage—an effort to erase Palestinians from the global conversation just as momentum builds for recognition.

Even so, Europe’s recognition drive is riddled with contradictions. Recognition without sovereignty is little more than a flag on paper. A Palestinian “state” lacking borders, airspace, water, and an economy would be a phantom. The Western vision is one of management, not liberation: Abbas — or a hand-picked successor in his mold — presiding over fractured enclaves while Israel sets the terms.

Yet even this empty gesture alarms Washington and Tel Aviv, who move to crush it before it gathers force. The visa ban is more than bureaucracy—it is an assault on Palestinian representation itself. Once again, the US proves not a mediator but Israel’s enforcer, binding its credibility to permanent occupation.

For those who believed collaboration would yield liberation, the lesson could not be sharper. Decades of compliance, of abandoning armed struggle for negotiations and coordinating security with an occupier, have yielded nothing but betrayal.

The moment Abbas sought accountability, he was discarded like a tool no longer useful. You cannot compromise your way to freedom; bargaining with those determined to erase you leads only to erasure.

In silencing Abbas, Washington has not just humiliated a pliant Authority. It has broadcast contempt for international law, the UN system, and Palestinian voices.

The US poses as the champion of democracy and human rights, but this is the behavior of an authoritarian bully afraid of losing control. And though the Palestinian delegation may be barred from September’s Assembly, their absence will speak louder than any speech—reminding the world that a people erased from the chamber are not erased from history.

 

Iran arrests suspects having links with Mossad

Iran's Revolutionary Guards said on Saturday they had arrested eight people suspected of trying to transmit the coordinates of sensitive sites and details about senior military figures to Israel's Mossad, reports Iranian state media.

They are accused of having provided the information to the Mossad spy agency during Israel's air war on Iran in June, when it attacked Iranian nuclear facilities and killed top military commanders as well as civilians in the worst blow to the Islamic Republic since the 1980s war with Iraq.

Iran retaliated with barrages of missiles on Israeli military sites, infrastructure and cities. The United States entered the war on June 22 with strikes on Iranian nuclear facilities.

A Guard’s statement alleged that the suspects had received specialized training from Mossad via online platforms. It said they were apprehended in northeastern Iran before carrying out their plans, and that materials for making launchers, bombs, explosives and booby traps had been seized.

State media reported earlier this month that Iranian police had arrested as many as 21,000 "suspects" during the 12-day war with Israel, though they did not say what these people had been suspected of doing.

Security forces conducted a campaign of widespread arrests and also stepped up their street presence during the brief war that ended in a US-brokered ceasefire.

Iran has executed at least eight people in recent months, including nuclear scientist Rouzbeh Vadi, hanged on August 9 for passing information to Israel about another scientist killed in Israeli airstrikes.

Human rights groups say Iran uses espionage charges and fast tracked executions as tools for broader political repression.

 

Friday, 29 August 2025

Duality of standards for Iran and Israel

Many readers like me are unable to understand why the United States, Britain, France and Germany are adamant at imposing sanction on Iran, but are not asking Israel to stop bombarding Gaza?

The apparent contradiction reflects how strategic interests, alliances, and global optics intersect in United States and Britain, France and Germany foreign policy. Let me break it down:

Iran Nuclear Program

The United States, Britain France and Germany have long opposed Iran’s uranium enrichment, seeing it as a path to nuclear weapons. Sanctions are their primary leverage tool.

Regional Rivalries

Iran’s support for Hezbollah, Houthis, and other groups hostile to Israel and the West makes it a “destabilizer” in their eyes.

Alliance Pressures

Many Gulf Arab states are partners of Israel, US, Britain, France and Germany and they view Iran as a strategic threat, pushing Western powers to maintain maximum pressure.

Domestic Politics

In Washington and Europe, appearing “soft on Iran” is politically costly. Sanctions serve as a signal of toughness.

Israeli attacks on Gaza

Israel’s strikes in Gaza have caused massive civilian deaths. Western governments face pressure from international institutions (UN, ICC), NGOs, and their own publics.

The US, Britain France and Germany consider themselves defenders of international law. Unchecked Israeli bombing undermines their stance on Ukraine, human rights, and global order.

Escalation in Gaza risks dragging in Lebanon, Syria, and potentially Iran—threatening oil supplies and broader Middle East stability, which Europe especially fears.

In the US and Europe, large pro-Palestinian movements, especially among younger voters and immigrant communities are creating political pressure to rein in Israel.

Core Contradiction

On Iran, the West uses sanctions as a pressure tool because Iran is seen as an adversary.

On Israel, despite being an ally, the West uses diplomatic urging rather than sanctions—because Israel is a strategic partner, but its Gaza actions are politically damaging to the West’s global image.

In essence, Iran is a strategic opponent and super powers use sanctions as pressure

They consider Israel a strategic ally and want to save it from any external pressure, the statements are rhetoric only.

This double standard is being viewed in non-Western capitals (Beijing, Moscow, Global and South) as dual standard and Western stance weakens their credibility globally.

The non-Western world views this double standard of sanctions on Iran but “restraint pleas” for Israel.

China points out that the US, Britain, France and Germany are punishing Iran harshly for alleged destabilizing actions, but shield Israel diplomatically despite Gaza bombings.

By calling for ceasefires and humanitarian aid, China portrays itself as a “responsible global mediator,” contrasting with the West’s selective morality.

Iran is a vital energy partner for China under its Belt and Road Initiative. Sanctions make Tehran more dependent on Beijing, strengthening Chinese influence.

Russia

Russia terms the West’s “rules-based order” biased. They argue: “If bombing cities in Ukraine is a war crime, why not Gaza?”

Iran is often accused of supplying drones and partnering with Russia under sanctions, so Moscow benefits from Tehran’s isolation.

Russia frames itself as standing with the oppressed (Palestinians) against Western-backed aggression, resonating in Arab and African states.

Colonial Echoes

Many see the West’s defense of Israel and punishment of Iran as a continuation of imperial “divide and rule.”

Western claims about human rights and international law are viewed as selective—undermining their authority when they criticize others (African leaders, Asian governments).

Countries like Turkey, Brazil, and South Africa amplify calls for accountability against Israel, while trading more with Iran outside the dollar system.

Strategic Impact

The West’s inconsistency weakens its moral standing globally.

Non-Western powers gain diplomatic and economic space by filling the “justice gap.”

Iran, despite sanctions, finds sympathy in many Global South societies as a victim of Western double standards—while Israel risks becoming diplomatically isolated outside the Western bloc.

Moral of the story

The contradictory stances of US, Britain France and Germany may preserve short-term alliances, but they’re eroding their credibility in the long run, especially in the Global South.

 

PSX benchmark index declines 0.59%WoW

Pakistan Stock Exchange (PSX) remained volatile during the week due to recent flooding in KPK and Punjab, coupled with heightened political noise. As a result, the benchmark index lost 870 points, down 0.59%WoW, to close at 148,617 points. Nonetheless, a partial recovery was seen in Friday’s session, with the index rebounding by 1,274 points on the back of robust corporate earnings, particularly from the cement sector.

Market participation improved, with average daily traded volume increasing by 13.7%WoW to 899 million shares, up from 790 million shares a week ago.

Net foreign exchange interventions by State Bank of Pakistan (SBP) was reported at US$7.2 billion during 11MFY25.

SBP’s profit during FY25 fell by 27%YoY to PKR2.5 trillion given decline in interest rates. However, dividend payout to federal government surged to PKR2.7 trillion during the period.

SBP’s held gold reserves increased to US$6.8 billion, up 41%YoY in FY25.

SBP held foreign exchange reserves increased by US$18 million, closing the week at US$14.3 billion as of August 22, 2025.

PKR appreciated by 0.05%WoW against the greenback during the week, closing the week at PKR281.77/US$.

Other major news flow during the week included: 1) Pakistan gets 19% tariff after US drives a hard bargain, 2) SBP enhances housing finance limit for microfinance borrowers to PKR5 million, 3) ExxonMobil likely to come back for offshore venture, 4) Pakistan set to initiate dialogue with Qatar on LNG supplies, and 5) Budget deficit drops to 5.4% in FY25 from 6.8% for the same period last year.

Jute, Property, Cement, Cable & Electrical Goods, and Glass & Ceramics were amongst the top performers, while Woollen, Leather & Tanneries, Textile Spinning, Insurance, and Pharmaceuticals were amongst the laggards.

Major selling was recorded by Foreigners and Banks/DFIs with a net sell of US$23.4 million. Mutual Funds and Companies absorbed most of the selling with a net buy of US$27.8 million.

Top performing scrips of the week were: PIBTL , SAZEW, DGKC, UPFL, and PAEL, while laggards included: AGP, BAHL, FABL, SRVI, and AIRLINK.

According to AKD Securities, PSX is expected to remain positive in the coming weeks, with further developments over circular debt expected to drive the market along with upcoming corporate results remaining in the limelight.

The benchmark is anticipated to sustain its upward trajectory, with a target of 165,215 points by end December 2025, primarily driven by strong earnings in Fertilizers, sustained ROEs in Banks, and improving cash flows of E&Ps and OMCs, benefiting from falling interest rates and economic stability.

The top picks of the brokerage house include: OGDC, PPL, PSO, FFC, ENGROH, MCB, INDU, and SYS.

Thursday, 28 August 2025

E3 launch sanctions process against Iran

According to Reuters, Britain, France and Germany on Thursday launched a 30-day process to reimpose UN sanctions on Iran over its disputed nuclear program, a step likely to stoke tensions two months after Israel and the United States bombed Iran.

A senior Iranian official quickly accused the three European powers of harming diplomacy and vowed that Tehran would not bow to pressure over the move by the E3 to launch the so-called "snapback mechanism".

The three powers feared they would otherwise lose the prerogative in mid-October to restore sanctions on Tehran that were lifted under a 2015 nuclear accord with world powers.

French Foreign Minister Jean-Noel Barrot said the decision did not signal the end of diplomacy. His German counterpart Johann Wadephul urged Iran to now fully cooperate with the UN nuclear watchdog agency and commit to direct talks with the United States over the next month.

A senior Iranian official told Reuters the decision was "illegal and regrettable" but left the door open for engagement.

"The move is an action against diplomacy, not a chance for it. Diplomacy with Europe will continue," the official said, adding: "Iran will not concede under pressure."

The UN Security Council is due to meet behind closed doors on Friday at the request of the E3 to discuss the snapback move against the Islamic Republic, diplomats said.

Iran and the E3 have held several rounds of talks since Israel and the US bombed its nuclear installations in mid-June, aiming to agree to defer the snapback mechanism. But the E3 deemed that talks in Geneva on Tuesday did not yield sufficient signals of readiness for a new deal from Iran.

The E3 acted on Thursday over accusations that Iran has violated the 2015 deal that aimed to prevent it developing a nuclear weapons capability in return for a lifting of international sanctions. The E3, along with Russia, China and the United States, were party to that accord.

US President Donald Trump pulled Washington out of that accord in 2018 during his first term, calling the deal one-sided in Iran's favour, and it unravelled in ensuing years as Iran abandoned limits set on its enrichment of uranium.

Trump's second administration held fruitless indirect negotiations earlier this year with Tehran.

US Secretary of State Marco Rubio welcomed the E3 move and said Washington remained available for direct engagement with Iran "in furtherance of a peaceful, enduring resolution to the Iran nuclear issue".

An Iranian source said Tehran would do so only "if Washington guarantees there will be no (military) strikes during the talks".

The E3 said they hoped Iran would engage by the end of September to allay concerns about its nuclear agenda sufficiently for them to defer concrete action.

"The E3 are committed to using every diplomatic tool available to ensure Iran never develops a nuclear weapon," including the snapback mechanism, they said in a letter sent to the UN Security Council.

 

Tuesday, 26 August 2025

Goldman Sachs forecasts decline in oil prices

Goldman Sachs expects the price of Brent crude futures contracts to decline to the low US$50s a barrel by late 2026 due to an increase in the surplus of oil next year, reports Reuters.

"We expect the oil surplus to widen and average 1.8 million barrels per day in fourth quarter 2025 through fourth quarter 2026, resulting in a nearly 800 million barrel rise in global stocks by end 2026," the US investment bank said in a client note on Tuesday.

It estimated that stored oil in member countries of the Organization for Economic Co-operation (OPEC) and Development will account for a third of total global stock or 270 million barrels in 2026. Coupled with reduced demand in OECD countries, it said this will lower Brent's fair value from the current mid-US$70s.

Goldman said Brent prices are likely to remain near those of forward contracts during the rest of 2025 but fall below those contracts next year as the increase in OECD stock accelerates.

However, it said potential acceleration in the growth of Chinese stock to 0.8 million barrels a day from 0.4 million barrels a day in the year to date would raise the 2026 Brent average by US$6 a barrel versus the bank's baseline to US$62.

Brent crude futures contracts were trading around US$67 a barrel in early Asian trade on Wednesday. West Texas Intermediate (WTI) crude futures contracts were trading at US$63.

Monday, 25 August 2025

Fury Over Murder of Journalists by Israel

Israel is drawing harsh criticism after it launched a pair of strikes at Nasser Hospital in southern Gaza on Monday that left at least 20 people dead, including journalists and healthcare workers.

As reported by CNN, Israel launched "back-to-back strikes on the Nasser Hospital in Khan Younis" that were "separated by only a matter of minutes." The second strike killed some emergency crew members who had rushed to the scene in the wake of the first strike.

The strikes drew immediate condemnation from press freedom groups who accused Israel of intentionally attacking reporters in Gaza and dismissed claims by Israeli Prime Minister Benjamin Netanyahu that the strikes were a "tragic mishap."

Thibaut Bruttin, the director general of Reporters Without Borders, said Israel attacked the journalists in an attempt to prevent them from delivering news about the famine in Gaza.

"How far will the Israeli armed forces go in their gradual effort to eliminate information coming from Gaza?" he asked. "How long will they continue to defy international humanitarian law? The protection of journalists is guaranteed by international law, yet more than 200 of them have been killed by Israeli forces in Gaza over the past two years."

He then called upon the United Nations Security Council to set an emergency meeting to enact "concrete measures... to end impunity for crimes against journalists, protect Palestinian journalists, and open access to the Gaza Strip to all reporters."

Sara Qudah, regional director at the Committee to Protect Journalists, called out the international community for letting Israel get away with launching military strikes against reporters.

"Israel's broadcasted killing of journalists in Gaza continues while the world watches and fails to act firmly on the most horrific attacks the press has ever faced in recent history," she said. "These murders must end now. The perpetrators must no longer be allowed to act with impunity."

The United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) accused Israel of "silencing the last remaining voices reporting about children dying silently amid famine" in Gaza, while charging the international community with reacting with "indifference and inaction."

"This cannot be our future new norm," said UNRWA. "Compassion must prevail. Let us undo this man-made famine by opening the gates without restrictions and protecting journalists, humanitarian and health workers. Time for political will. Not tomorrow, now."

Former New York Times public editor Margaret Sullivan said that her fellow journalists needed to hold the Israeli government to account for its actions.

"Journalists everywhere need to stand in solidarity on this killing spree and resulting news blackout," she wrote on Bluesky.

And Drop Site News' Ryan Grim ripped into Netanyahu's claim that his government "deeply regrets the tragic mishap" that occurred at the hospital.

"Israel deeply regrets the tragic mishap of striking a hospital and then waiting 17 minutes until rescue workers gathered and striking it again," Grim commented sarcastically on X.

Israel has previously claimed that attacks on so-called "safe zones" and on aid workers were mistakes.