Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Sat, Sep 12, 2026 04:17 AM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Gregory Brew

Postdoctoral Fellow, Center for Presidential History, Southern Methodist University
Gregory Brew is a scholar at the Center for Presidential History. He completed a PhD in U.S. international history in Spring 2018 at Georgetown University. Greg's project, Mandarins, Paladins, and Pahlavis: the International Energy System, the United States and the Dual Integration of Oil in Iran, 1925-1964 explores the intersecting relationship between oil and development in Iran during the mid-twentieth century. While major oil companies attempted to integrate Iranian oil into a global oil system, constructing a balance between supply and demand while preserving their control over price and production, private development firms sought to tie oil to economic development, modernizing Iran while simultaneously pursuing the U.S. Cold War objective of stabilizing Iran's Pahlavi government. Greg's project combines an examination of oil as an element in international Cold War politics, the development movement, global capitalism and the formation and consolidation of the Pahlavi regime as an oil-dependent "rentier state." It also explores the origins of the U.S.-Iranian relationship, and illustrates how the 1953 U.S.-sponsored coup d'etat that toppled Iran's democratic populist government was ultimately motivated by a U.S. belief that Iran could only be stabilized through oil-based development.

Greg's work has appeared in Iranian Studies, International History Review and Mediterranean Quarterly. While at Georgetown he was awarded the Edwin J. Beinecke, Jr. Scholarship in International Affairs, the Evan Armstrong North Graduate Research Award and the Sharabi Graduate Essay Prize. His work has been supported by grants from the Cosmos Club Foundation, Franklin D. Roosevelt Presidential Library, and Rockefeller Archive Center.

Saudi Arabia is allying with Russia to shore up oil prices as OPEC's power wanes

Dec 08, 2018 10:50 am UTC| Insights & Views

The Organization of the Petroleum Exporting Countries likes to look united. Thats evident when OPEC leaders meet in Vienna at the end of each year to decide how much oil its members will aim to produce the next year....

Trump's new Iranian oil sanctions may inflict pain at home without serving strategic objectives

Nov 14, 2018 12:11 pm UTC| Insights & Views Politics

The Trump administration has formally imposed new sanctions on Iran aimed at hindering Irans oil exports a move that had been in the works for six months. The U.S. government has also made a second, more surprising,...

Economy

Central Banks Could Buy 20,000 Tonnes of Gold: BofA

Central banks may have significant capacity to continue buying gold even after several years of record demand, according to Bank of America (BofA). The bank estimates that institutions currently underweight in gold could...

UK Businesses Urge Government to Cut Electricity Levies

British businesses are pressing the government to remove levies from electricity bills as high energy costs put increasing pressure on energy-intensive sectors such as steel, chemicals and manufacturing, Bloomberg reported...

UK Economy Grows 0.4% in July, Beating Forecasts

Britains economy expanded by a stronger-than-expected 0.4% in July, maintaining solid momentum from the first half of 2026 despite economic pressures linked to the U.S.-Iran war, according to data released Friday by the...

US Treasury Yields Near 5% as Oil Fuels Inflation Fears

Global bond markets came under heavy selling pressure on Friday, pushing the U.S. 10-year Treasury yield close to the critical 5% threshold as soaring oil prices and expectations for higher interest rates intensified...

Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise

Major global central banks are facing renewed pressure to raise interest rates as persistent inflation, resilient economic growth and rising energy prices complicate the monetary policy outlook. The European Central Bank...

Politics

Trump Calls for Five-Year George Washington Smithsonian Exhibit

President Donald Trump called on the Smithsonian Institution to create a five-year exhibition honoring George Washington, while renewing criticism of the museum organizations approach to U.S. history. In a Truth Social...

Saudi Arabia Shuts East-West Oil Pipeline After Drone Attack

Saudi Arabia has temporarily shut its strategic East-West oil pipeline following a drone attack, adding fresh pressure to global energy supplies as the U.S.-Iran war disrupts major Middle East shipping routes. The...

Trump Open to Chinese Automakers Building Cars in US

President Donald Trump said Friday that he would be open to Chinese automakers establishing manufacturing plants in the United States, despite strong opposition from U.S. lawmakers and major auto companies. Speaking on Fox...

Lula Holds Narrow Lead Over Flavio Bolsonaro in Brazil Election Poll

Brazilian President Luiz Inacio Lula da Silva continues to hold a narrow advantage over Senator Flavio Bolsonaro in a potential runoff in Brazils October presidential election, according to a new Datafolha poll released...

Russian Strikes Hit Kyiv as Ukraine Targets Russian Cities

Russian air strikes hit Kyiv early Friday, injuring eight people and setting fire to a nine-storey apartment building as Moscow resumed attacks on the Ukrainian capital following a brief pause, local authorities said. Kyiv...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

OpenAI Agents Linked to RubyGems Cyberattack

OpenAIs AI agents were involved in a previously undisclosed cyber incident that disrupted RubyGems, a widely used software package distribution service, in May, according to a Wall Street Journal report. OpenAI confirmed...

Nvidia Eyes $10 Billion Investment in Anthropic IPO

Nvidia is reportedly in discussions to become an anchor investor in Anthropics planned initial public offering, with the AI chip giant potentially committing up to $10 billion to what could become the largest IPO in...

Optus Apologises After Network Outage Disrupts Emergency Calls

Optus has apologised to customers after a network outage disrupted voice services across several Australian states and affected some emergency calls, raising fresh concerns about the reliability of the countrys...

Enflame Shares Surge 200% in Shanghai AI Chip Debut

Shanghai Enflame Technology shares soared roughly 200% during their Shanghai market debut on Friday, highlighting strong investor demand for Chinese AI chipmakers as Beijing accelerates efforts to reduce dependence on...

OpenAI Weighs AI Development Slowdown Over Safety Risks

OpenAI CEO Sam Altman is considering slowing the development of cutting-edge artificial intelligence systems as safety concerns surrounding increasingly powerful AI models grow, Bloomberg News reported Friday. Altman...