1. Britain, EU, and President Bush announce new sanctions against Iran over its nuclear program intransigence. But the group gets implementation backwards in announcing a freeze on Iran's Bank Melli assets before putting the freeze in place, allowing Iran to withdraw $75 billion in assets before action.
2. New evidence suggests nuclear proliferator AQ Khan may have sold compact nuclear weapons designs to unknown numbers of rogue states - affording for a much smaller device more easily deployed by terrorists and more easily delivered by Iranian ballistic missiles.
3. Afghan President Hamid Karzi has threatened Pakistan that Afghanistan will send its own forces into Pakistan havens to combat Taliban cross-border raids, saying that it is within its rights to defend itself. As an Asia Times analysis suggests, the move can be interpreted as US patience with Pakistan running out.
4. Saudi Arabia has announced it will increase crude production another 200,000 barrels per day, making the net increase since May 500,000 per day. As much as it may contribute to driving prices down, the move may also be interpreted as Saudi capitalization on higher prices before other circumstances drive prices down further.
Oil Falls for a Second Day as Saudi Arabia May Increase Output - Bloomberg
FLASHBACK: Bin Laden Set $144 Per Barrel Target Price: Fears, Again, of Oil Supplies at Risk - New York Times 2001
May 2008: Congressional Testimony 'Rising Oil Prices, Declining National Security' Cites bin Laden's Target Price - House.Gov
GITMO AND SCOTUS
Editorial: Combating the Combatants Decision - National Review Online
Obama lauds Supreme Court ruling on Guantanamo captives; McCain has 'concerns' - International Herald Tribune
A Way Forward After Last Week's Supreme Court Ruling on Enemy Combatants - Andrew McCarthy
Britain, E.U., President Bush Announce Iran Sanctions - Washington Post
Iran Withdraws $75 Billion from Europe Ahead of Sanctions - Asharq Alawsat
Iran Rejects Six-Nation Proposal - Washington Post
Hamid Karzai threatens cross-border revenge raids - Telegraph
US Runs Out OF Patience With Pakistan - Asia Times
Pakistan rebukes Karzai over cross-border raids threat - CNN
Afghans vow to support Karzai in Pakistan border row - CBC
Report: Strike targets Baitullah Mehsud's hideout in Pakistan - The Long War Journal