Word: persianism
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Arab sheikdoms are steeped in conservative desert traditions, which discourage risky ventures in everything from marrying daughters to herding camels. The old rules, however, don't apply to the Persian Gulf's new generation of rulers. They may still wear the flowing thobe of their ancestors, but their mind-set is all pinstripe when they are taking on the modern world...
...Iraq: U.S. officials say the number of deadly explosively-formed-penetrator roadside bombs arriving in Iraq from Iran has been halved between July and October. And while alarmists were quick to note the U.S. Navy's deployment of a second aircraft carrier to the Persian Gulf off Iran's coast earlier this year, they have been largely mute as the two ships were replaced by a solo carrier in August...
...news is not only environmental. As the world scrambles to boost energy supplies over the next two decades, an ever-greater percentage of its supplies of oil and gas will come from a dwindling number of countries, largely arrayed around the Persian Gulf, as the massive North Sea and Gulf of Mexico deposits are finally exhausted. That will leave the industrialized countries far more dependent on the volatile Middle East in 2030 than they are today, and the likes of Saudi Arabia, Kuwait and Iran will dictate terms to companies like ExxonMobil and Chevron, which increasingly operate as contractors...
...Venice and Islam: 828-1797 - an impressive exhibition being held at the onetime seat of Venetian political power, the Doge's Palace, until Nov. 25. Chronicling nearly a thousand years of exchanges with Egypt, the Levant (roughly present-day Lebanon, Israel, Palestine, Jordan and Western Syria), the Ottoman and Persian empires and beyond, the collection is as eclectic as the history it charts: ceramics colored with Armenian dyes, embroidered silks and enameled glass, carpets and flowing tapestries, maps and ancient texts, elegant portraits of aristocrats and ambassadors, and daggers and scimitars laden with jewel-encrusted malice...
...Attiya told TIME that prices would rise further if the Bush Administration ever carries out a military strike on Iran, his Persian Gulf neighbor. "I hope and am confident that we will not see any war between America and Iran, and that all these negotiations will settle things amicably," Attiya said. But in the event of further conflict in the region, such as a threatened U.S. attack on Iran's nuclear installations, Attiya said, "I think there will be a big jump [in oil prices]." War would cause an actual drop in global oil supplies which, he explained, "will create...