Jose Raul Capablanca, the Cuban who was world chess champion in the 1920s, was asked how many moves ahead he saw. “Only one. But it is the right one,” he replied. The US is about to make its next choice in the Gulf oil struggle, but it may be looking not only at the wrong move but at the wrong board. The US and Iran reached a temporary ceasefire on April 7, after more than a month of mayhem. Brent crude oil prices promptly dropped from almost $110 per barrel to below $95. The combatants signed the memorandum of understanding…
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