On Point Radio

Iraq has the world's third largest proven reserves of oil, and they're barely tapped. This week, the price of oil reached $82 dollars a barrel -- the highest in history. And Alan Greenspan says in his new memoir that, at least for him, the U.S. invasion of Iraq was "largely about oil." Iraq's ocean of oil is a source of endless speculation, maneuver, sectarian tension, war and conflict -- inside Iraq and out -- over who gets what and how.… more

Hezbollah pamphlets have already claimed "divine victory" in the bloody month of fighting. In Israel, a tough accounting has begun. "We did not fail," said Israel's Interior Minister. Hezbollah has taken a pummeling. But it survives. And then there's this: the war beyond this war -- the undeclared "proxy war," strategists say - goes on, between the US and Iran. On Point explores the ceasefire, current prospects, and the proxy war in the Middle East.

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