For oil producers in the Middle East, mounting external pressure from trade tensions, tariffs, and oil sanctions presents headwinds to government revenue and regional stability. Oil production is becoming a battle for market share rather than a collective effort to increase prices. We can identify three key effects for oil producers in the Middle East entering a period of heightened trade tensions and a potential global economic slowdown: (1) the Middle East-Asia interdependency will make both sides suffer a downturn, (2) competition over market share will disadvantage weaker regional producers, (3) access to capital and borrowing will define how countries can weather a longer downturn in oil prices. For policymakers in the Gulf, maintaining a close eye on key export markets in Asia may present further opportunities for trade and investment agreements with a longer-term perspective.
Read more in the Georgetown Journal of International Affairs
معهد الشرق الأوسط (MEI) هو منظمة تعليمية مستقلة وغير حزبية وغير ربحية. لا يشارك المعهد في أي أنشطة دعوية، وآراء الباحثين فيه تعبر عن آرائهم الشخصية. يرحب المعهد بالتبرعات المالية، لكنه يحتفظ بالسيطرة التحريرية الكاملة على أعماله، ولا تعكس منشوراته سوى آراء المؤلفين. للاطلاع على قائمة المتبرعين للمعهد، يرجى النقر هنا.
After Khamenei: The Security State He Built, and the Son Who Inherits It