MEL GURTOV – Commentators evidently desperate for good news are touting the Israel-United Arab Emirates (UAE) agreement as a welcome path to Middle East peace. The agreement trades Israelâ€™s promise not to annex portions of the West Bank for the UAEâ€™s recognition of Israel. One conservative writer for the Washington Post actually thinks Trumpâ€™s role in helping bring the agreement about makes him a Nobel Prize candidate. But hold on.
ROBERT FISK – In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading. Iran announced late last month that its foreign currency reserves would henceforth be held in euros rather than dollars.