With every fragile ‘peace’ in Middle East, the West sows seeds of a conflict

News Snapshot:

I have followed the recent “12-day war” in the Middle East through a 50-year-old personal prism. My interest in petroleum and a postgraduate thesis on oil for goods barter trade by Iran was sparked by the Yom Kippur War between Egypt /Syria and Israel in 1973. The war triggered a four-fold increase in the international price of oil and global stagflation. My first job in the Petroleum sector with Phillips Petroleum in London (after a short stint in the IAS ) was in 1980, a year after the Shah of Iran was deposed by Ayatollah Khomeini and months before Iran...