As the violence in the Middle East escalates, and Arab anger grows over American support of Israel (especially among the masses), is another oil embargo possible? Oil may be the Arab world's daily bread, but it's also its only weapon — if, say, Arafat is killed or Israel goes too far in its incursions into Palestinian territories, popular sentiment in the already-shaky local regimes could force Arab governments to put up a show of defiance to calm their constituencies.
New World Order? As Israel and India form a new friendship, it seems that Israel's arch enemy, Arafat, is forming alliance with China, India's arch enemy. Apologizes for linking to DrudgeReport for the Arafat story, but that's all I could find.