The Financial Crisis Fuels U.S. Diplomatic Talks

Economic turmoil and low oil prices may have created bargaining opportunities with prickly U.S. adversaries in China, Iran, and Russia

President Barack Obama has long vowed to offer diplomatic talks to U.S. rivals and adversaries. But a month into his Presidency, Obama may be benefitting from the financial crisis and low oil prices, which—while they have shaken banks, investment funds, and entire nations—seem to have created potential breakthroughs in some of the U.S.'s thorniest relationships.

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