Jordan’s Economy Weathers Iran War’s Shocks and Finds New Opportunities
In the summer of 2003, King Abdullah II told Bloomberg Jordan sits “between Iraq and a hard place,” a play on words designed to describe the kingdom’s challenging environment to an American audience amid the US-led Iraq war to the east and the lingering Palestinian-Israeli conflict to the west. Jordan is grappling with a much “harder place” today.
Proponents of the war with Iran have taken recent increases in crude-oil flows through the Strait of Hormuz as proof that the US strategy is finally working. President Trump is so confident in this that he recently rejected a seven-day plan, set forward by Iran’s foreign ministry, to end the war and open the strait. The United States is “winning tremendously,” Trump boasted.
Special Episode: Saudi Oil After the East-West Pipeline Attack
Saudi Arabia’s East-West pipeline is back in operation after a drone attack from Iraq, blamed on Iran-backed militias, shut it down for nearly two weeks. The pipeline is the kingdom’s main way to export oil while the Strait of Hormuz is closed, so the shutdown dealt another blow to global energy markets. How vulnerable is this route, and what does that mean for the kingdom and the world economy? This episode of Middle East Focus features a recent MEI Virtual Briefing in which Director of Communications Zeina Al-Shaib is joined by MEI Senior Fellow Colby Connelly and MEI Affiliate Yesar Al-Maleki. They examine the new geopolitical risks facing the oil market, what further losses of global supply could mean for Saudi Arabia and the world economy, and which buffers outside the Persian Gulf could ease the pressure.
COVID-19 presents a major threat to the global economy and the health of millions of people around the world, but its impact on Iran, one of the early epicenters of the outbreak, has been particularly severe.
Since the 1970s “oil boom,” Indian migration to the Gulf has served as a valuable source of income for the nation and as the backbone of the economies of high-migration states such as Kerala through the transfer of remittances. However, the outlow of Indian migrants to the region has recently slackened while return migration has increased due to economic slowdowns, fluctuating oil prices, and changes in Gulf labor policies. The future of India-Gulf migration is further clouded by the Coronavirus pandemic, which poses unprecedented health and livelihoods challenges for the millions of Indians working in the Gulf, as well as for the families and communities that depend on them — and presents a daunting test for the Indian government.
Without a Houthi commitment, the cease-fire could make Yemen more vulnerable to COVID-19
The Houthis’ lack of interest in halting their military operations could displace millions of civilians in the midst of a potential COVID-19 outbreak, defeating the very purpose of the cease-fire.
COVID-19, the oil price war, and the remaking of the Middle East
The Middle East is facing an unexpected turning point. The region will not look the same after COVID-19 as it did before it. The geoeconomics and geopolitics of the world are in free fall because of COVID-19, the oil price war, and a severe economic shutdown. For the Middle East and the Gulf monarchies in particular, the oil price war against Russia and U.S. shale and the shutdown of economies around the world have increased the pressure on the Gulf’s already-depleted financial resources, which usually act as a safety valve for the turbulent region.
Saudi Arabia’s recent decision to call for an urgent OPEC+ meeting was driven by a simple logic. In spite of its obvious advantages over other oil producers, the kingdom is still taking serious risks as it pursues an oil price war.
Iran’s Unconventional Alliance Network in the Middle East and Beyond
The Islamic Republic’s unconventional alliance network reaches far and wide, and its workings have only intensified since the killing of Gen. Qassem Soleimani in early January 2020. The systematic effort to consolidate these alliances, indicated by the swift appointment of Gen. Esmail Qaani and his new deputy Gen. Mohammad Hosseinzadeh Hejazi to lead the Quds Force, is about much more than just retaliation and revenge against the United States. It is also, and perhaps more importantly, a calibrated response to the Trump administration’s reckless and escalatory changes to the established “rules of engagement” between Washington and Tehran.
Blurring the lines: The case of the Nakhsa Warriors
Blurring the lines between the physical world and the online one, the Iranian group known as the “Nakhsa Warriors” remains cloaked in mystery. Their identity and status are unclear. Are they a military force that carries out operations, an online group of like-minded individuals that share content, part of an Iranian disinformation campaign — or perhaps something else altogether?
Amid political jockeying, militia fragmentation, COVID-19, and an economic crisis, Iraq's outlook is bleak
The different scenes in Baghdad tell the tale of a future that will, at the very least, present serious challenges, and at the worst could become chronically violent.
Cratering demand for Qatar’s main exports has reduced its income to a fraction of what it was last year, but its nest egg is held in very illiquid assets.
Gonul Tol and Alex Vatanka join host Alistair Taylor to discuss how the coronavirus pandemic is affecting Iran, one of the first countries hit by the outbreak, and Turkey, where it arrived later but has since spread rapidly.
Continuity and Change in US Policies towards the Caspian Region
The U.S. government agenda for Central Asia and the South Caucasus has regularly included a multitude of goals. Whereas in the 1990s, U.S. policy focused on state building, economic development, WMD elimination, and democracy promotion, in the 2000s, counterterrorism rose to the forefront of the U.S. agenda.
The oldest peer-reviewed publication dedicated to the study of the modern Middle East, MEI’s flagship journal covers politics, society, and culture in the region.
