The regional rivalry between Saudi Arabia and Iran—the two main producers in a global oil cartel—has become a significant factor behind the sharp decline in oil prices that has also kept rates at historic lows.
In November 2015, Donald Trump sat down for an interview with Stephen Bannon, executive chairman of the Breitbart News Network, a far-right news and opinion site. In the course of the conversation, Bannon made the startling assertion that Silicon Valley has far too many Asian CEOs. An ominous portent of things to come? It certainly seems so today.