MUST-READS

• Oil
  Oil slips below $64 as ample supplies weigh

  Oil eased below $64 a barrel on Friday as evidence this week of rising crude supplies from OPEC members outweighed signs of a slowdown in U.S. output and Middle East tensions.

  • Wall Street Journal - Low Prices Cool Boom in U.S. Oil Production
  • CNBC - Prepare for a 'messy' year-end for oil: Citi's Kleinman
  • The Economist - Oil prices: Unconventional but normal
• Tadawul
  Saudi Arabia to Open Stock Market to Foreign Investors on June 15

  Saudi Arabia will open its $530 billion stock market to foreign investments on June 15, a keenly awaited move that will give international investors direct access to the Middle East’s biggest economy.

• Saudi-Yemen
  Inside Saudi, Yemen war is ‘something good’

  A newspaper hails Saudi Arabia's "brave armed men". Students build a remote-controlled fighter plane as a tribute to warplanes bombing Yemeni rebels. A phone company offers patriotic songs as ringtones.

  • ABC News via AP - Saudi-Iran Rivalry Over Yemen Deepens Mideast Sectarianism
  • New York Times - Iraqi Premier Softens Tone About Saudis
• Yemen
  Saudi-led Yemen air war’s civilian toll concerns U.S. officials

  Concerned about reports of hundreds of civilian casualties, Obama administration officials are increasingly uneasy about the U.S. involvement in the Saudi-led air war against rebel militias in Yemen, opening a potential rift between Washington and its ally in Riyadh.

  • The Economist - Is there a way out of the conflict?
  • Bloomberg - Saudi Claims on Iran’s Role in Yemen Face Skepticism in West
  • Reuters - Houthi official calls for unconditional end to Saudi-led bombing in Yemen
  • Reuters - New Yemen VP says he hopes to avert Saudi invasion
  • Al Jazeera - US generals: Saudi intervention in Yemen ‘a bad idea’
• Saudi-Indonesia
  Saudi Arabia executes second Indonesian maid

  Saudi Arabia has executed a second Indonesian maid despite protests from Jakarta, which is itself facing fierce criticism for its failure to heed calls for clemency for a number of foreigners on death row.

• Saudi Stock Market
  Saudi Arabia to open stock market to foreigners on June 15

  Saudi Arabia will open its $532 billion stock market to direct foreign investment on June 15, allowing qualified foreign institutions to buy shares from that date, the Capital Market Authority said on Thursday.

  • Bloomberg - Saudi Bourse to Give Foreigners Access Starting June 15
  • WSJ (paywall) - Saudi Arabia to Open Stock Market to Foreign Investors on June 15
• Afghanistan
  Book Review: “Just the Facts” on Afghanistan Doesn’t Tell the Story

  My criticisms are not so much levelled at the book as they are at the ever-increasing tendency, across all media formats, just to focus on the exploits of one brigade at the expense of all others.

• Iraq War: Blackwater
  Opinion: Blackwater and the Iraq War Time Warp

  The Blackwater trial can seem like a microcosm of the broader Iraq War. Just as the trial took years, the Iraq War has dragged on for an unexpectedly long time. Just as the war was marred by government fumbling, so was the Blackwater case—prosecutors couldn't muster the evidence to charge one contractor, and missed a deadline to charge another one for some crimes. And just as the major proponents of the Iraq War, men like Dick Cheney and Donald Rumsfeld, continue to insist the war was well-conceived and well-executed, the Blackwater defendants continue to assert their innocence:

• War in Yemen
  Mideast’s arch-survivor stands in way of Saudi success in Yemen

  "The Houthi-Saleh front remains united but if this dynamic changes, it would have a major impact on where the conflict goes," Muslimi said.

  • Bloomberg - Yemen Past as Invaders’ Graveyard Looms Over Saudi Buildup
  • Huffington Post - Stakes for Saudis are High in Yemen
  • The Economist - Arabia Infelix
• War in Yemen
  Saudi’s U.S. envoy: kingdom set on expelling al-Qaeda from Yemen: Video

  Speaking to reporters in Washington on Yemen, Ambassador Adel Al Jubeir said Operation Decisive Storm Central Command is determined to avoid civilian casualties adding that the military campaign has so far fulfilled many of its objectives.

  • Washington Post - Iraqi prime minister fears Yemen conflict could spark wider sectarian war
  • LA Times - Saudi Arabia's ambassador rejects Iran's call for cease-fire in Yemen
  • Reuters - Egypt and Saudi Arabia discuss manoeuvres as Yemen battles rage
  • Foreign Policy - In Slap at Riyadh, Iraqi Leader Puts U.S. on the Spot Over Yemen
  • McClatchy - Saudi ambassador to U.S. rejects UN criticism on Yemen casualties
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