Syria’s New Investment Law and the Return of State-Mediated Market Access
As Syria moves toward reconstruction, the country’s new authorities have already made a consequential decision about who will control the postwar economy. Last June, President Ahmed al-Sharaa enacted Investment Law 114 by presidential decree, granting sweeping and permanent concessions to investors. Yet rather than make those incentives broadly accessible, the law preserves the country’s longstanding model of state-mediated market access.
MENA Energy Recap, Q1-2026: Four Lessons From the Return of Tail Risk
This is a special edition of the MENA Energy Recap — a quarterly review of key energy developments that took place in the region from January through March of 2026 and what they signal in the months ahead. For Q1-26, the recap considers some of the long-term implications of the ongoing war in the region, which have caused the largest energy supply disruption in history, and what lessons these events hold for both near- and long-term energy dynamics in both the Middle East and the wider world.
The Far Reach of the Iran War: Food Insecurity from North Africa to the Sahel
Within weeks of the Strait of Hormuz closure, fertilizer prices began to rise sharply. Tanker traffic through the strait, which handles one-third of the global fertilizer trade, fell by 90%. Across North Africa the impacts are multiplying, and this is having ripple effects for the Sahel in the south, adding to food price inflation, migration pressures, and the erosion of state legitimacy. The situation underscores how food security is a governance issue compounded by geopolitical crisis.
In 2025, jailed PKK leader Abdullah Öcalan made a historic call for the group to disarm and dissolve, raising hopes of ending a 40-year conflict that has shaped Turkey and the wider region. Months later, the PKK symbolically laid down arms in what many viewed as a breakthrough moment for the peace process.
Battered but Still Standing, Egypt Tries to Weather the Economic Ravages of the Iran War
While Egypt is not in the direct line of fire in the US-Israeli war with Iran, its economy is acutely vulnerable to the conflict. In addition to the rising energy prices and shortages that have affected much of the world, it also struggled with issues that reflected its economy’s own underlying structural vulnerabilities.
From Hormuz to the Sahel: A Fertilizer Shock, and a Maghreb Solution
The war-time disruptions of international shipping passing through the Strait of Hormuz are spreading through the fertilizer market and affecting supply chains encompassing regions that have no margins to absorb the impact. The Sahel is one such region and now faces a severe threat of widespread hunger.
America Cannot Afford to Miss This Opening in Lebanon
President Donald Trump has an opportunity to do something no American president has managed in nearly half a century: end the war between Israel and Lebanon for good.
As Lebanese, Israeli, and American teams prepare for their first-ever trilateral leaders summit, it is time to reflect on this opportunity and lessons from the past.
The war with the US and Israel has intensified pressure on the Iranian economy, but it has not represented a fundamentally new shock. The key question is not whether pressure exists, but whether it can be made decisive.
As the international community focuses on the regional and economic reverberations of the US-Israel-Iran war, the wartime experiences of ordinary Iranians and their aspirations for the future have received much less attention. Arash Azizi, a postdoctoral associate at Yale University and contributing writer at The Atlantic, joins hosts Alistair Taylor and Matthew Czekaj to discuss the war’s repercussions for the Iranian population and how the outcome of the conflict may shape the peoples’ lives going forward. Together, they explore Iran’s internal politics, the viability of the opposition, and the conditions needed to achieve democracy in Iran.
Turkey Sees Short-Term Pain, Long-Term Gain in the Iran War
The Iran war has posed significant immediate challenges for Turkey, including rising energy prices. But Turkish officials think that Ankara could reap benefits from the war in the long term.
Nazanin Boniadi: How the World Can Help Iran’s Democratic Struggle
Just weeks before President Trump’s war began, Iran was in the midst of a powerful wave of anti-regime protests spreading across the country. But once the war started, that momentum largely came to a halt. The conflict shifted the focus from dissent to survival and gave the regime an opening to crack down harder. With tighter controls, heightened fear, and everyday life suddenly more precarious, people pulled back from the streets. The protests may have paused, but the resentments that fueled them haven’t gone anywhere.
Currency Boards as Political Commitments: Comparative Experience, Gold Reserves, and the Lebanese Case
The following study discusses the role of Lebanon’s gold reserves in the establishment of a currency board and evaluates four policy options: a true currency board, constrained central bank reform, full dollarization, and a unified managed float. Gold reserves are relevant under all four. The conclusion is consistent across them: no monetary framework, however carefully designed and however well backed, can substitute for the prior political decision on who bears Lebanon’s losses and how the state will finance itself sustainably.
This special episode of Middle East Focus features a conversation from MEI’s Virtual Briefing Series. Host Alistair Taylor is joined by former National Security Council Senior Director Stephen Flanagan and MEI Senior Fellow Iulia-Sabina Joja to discuss the impacts of the Iran war on US-European relations. The conflict has hit Europe’s economy hard and created deep divisions across the continent, even as some European countries play a quiet supporting role to the US. President Donald Trump has called for NATO member states to help secure shipping through the Iranian-blocked Strait of Hormuz, a critical chokepoint for international maritime trade. Flanagan and Joja explore the prospects for stepped-up European military involvement, the knock-on effects on the war in Ukraine, and the potential longer-term impact on the future of the US-European alliance.
