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...make it perhaps the last major oil territory yet to be spoken for. Engineers recently estimated that there may even be a further 150 billion barrels underground that have not yet been surveyed, much of it in the vast Western Desert. If true, Iraq could one day potentially match Saudi Arabia, whose output of 9.6 million barrels a day makes it the world's largest producer. Iraq currently pumps just 2.4 million barrels a day, because its oil facilities need huge capital upgrades. "Even if this process had gone as planned it's still not sure that the targets would...

Author: /time Magazine | Title: The Reasons Behind Big Oil Declining Iraq's Riches | 7/2/2009 | See Source »

...dual-national journalists were cast in lead roles. "The day after the elections, CNN started a 24-hour psychological war room against Iran," Foreign Ministry spokesperson Hassan Qashqavi told a moderator with seeming outrage on Iranian state TV. Later in the program, the host said he had heard the Saudi-owned station al-Arabiya had even taught Iranian viewers how to build Molotov cocktails for use in protests. Iran's pro-government newspaper Kayhan wrote that foreign media outlets had employed Iranians in the past years, some with foreign nationalities, "in order to facilitate relations between domestic and foreign anti...

Author: /time Magazine | Title: In Iran, Conspiracy Theories Flourish As Regime Tries to Regain Legitimacy | 7/2/2009 | See Source »

...Bermuda Free at Last Four former Guantánamo Bay detainees have been released in Bermuda as the U.S. continues its push to shut down the facility by 2010. Others have been transferred to Saudi Arabia, Iraq and Chad, while Italy and the U.K. say they will take former prisoners. More than 500 detainees have been sent home in recent years; 50 have been cleared and are ready to be released, and 220 others await trial...

Author: /time Magazine | Title: The World | 6/29/2009 | See Source »

BERMUDA CHAD FRANCE IRAQ ITALY PALAU SAUDI ARABIA...

Author: /time Magazine | Title: The World | 6/29/2009 | See Source »

...Washington. And though the Obama Administration resisted that argument, Netanyahu may now be getting help from an unexpected quarter: the Iranian regime, whose violent crackdown on peaceful protests against election-rigging have created a more pressing foreign-policy crisis for the Obama Administration. (See pictures of President Obama in Saudi Arabia...

Author: /time Magazine | Title: Will Iran Take the Heat Off Israel over Settlements? | 6/29/2009 | See Source »

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