The most important news out of the Middle East is not the Hamas-PA Agreement 4.0 (or 5.0 or 6.0, who can remember?). For various reasons, it doesn't seem likely to work (you can read Robert Danin here on some of the difficulties). Nor is it the "very productive meeting" Russia's foreign minister held in Damascus with the blood-soakwd Assad regime. Nor is it even news that the World International Zionist Organization is apparently promoting pornographic Purim costumes (hey, I aggregate -- you decide). It is, instead, this announcement from Prince Alwaleed bin Talal, that Saudi Arabia will not allow the price of oil to rise about $100 a barrel:

"We can use our leverage, our excess capacity to be sure to pump more [oil] if needed so it will not impact the consumer countries while they're getting out of their recessions slowly but surely," the prince said.

As for Iran, he said it is important for the U.S. and other nations to put sanctions on the "renegade country" to force its government to negotiate. Issuing an ultimatum of war would push Iran to the "desperate move" of blocking the vital oil shipment waterway.

Why is this so important? Because it clears the way for an Israeli attack on Iran's nuclear facilities. I'm not suggesting coordination between Israel and Saudi Arabia on this, any more than I would ever suggest that Superpacs coordinate with presidential campaign staffs. I'm merely noting that one factor that inhibits Israel from striking at Iran is fear that an attack will cause Iran to retaliate against Persian Gulf shipping (among other things), which would cause oil prices to skyrocket, which would, of course, generate a fair amount of anger directed against Israel.