As the world’s attention shifts to the Iran war, Gaza is increasingly disappearing from the international spotlight. But more than six months after the United Nations endorsed a peace plan for Gaza, the humanitarian catastrophe continues. Israeli strikes remain relentless, while major international NGOs and aid groups say critical supplies are still not entering Gaza at anywhere near the scale needed.
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.
Agile Power: The UAE’s External Policy in an Era of Fragmentation
The external policy of the United Arab Emirates (UAE) is increasingly shaped by systemic fragmentation, regional insecurity, and shifting patterns of great-power engagement. In response, Abu Dhabi has moved away from reliance on fixed alignments toward a strategy of strategic diversification across security, economic, and technological domains.
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.
Rebalancing Ambition: Saudi Arabia’s Megaproject Pivot
Saudi Arabia’s Vision 2030 has entered a sobering phase. The kingdom’s most ambitious megaprojects, conceived a decade ago during an era of oil-fueled confidence, are colliding with fiscal reality and a far more volatile external environment shaped by regional conflict and energy market disruption. What is unfolding is not the collapse of Crown Prince Mohammed bin Salman’s (MBS) diversification agenda, but a forced recalibration: a shift away from architectural spectacle toward economic pragmatism, reinforced by tightening fiscal space, institutional reprioritization under the Public Investment Fund’s (PIF) new strategy, and growing exposure to regional security risks.
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.
Violence, Settlements, and Creeping Annexation in the West Bank
As international attention remains fixed on the fallout from the Iran war, conditions in the West Bank continue to deteriorate. Hosts Alistair Taylor and Matthew Czekaj speak with MEI Senior Fellow Lucy Kurtzer-Ellenbogen about the sharp rise in settler violence, expanding settlement activity, and growing Palestinian displacement across the territory. They examine how recent Israeli legal and administrative measures are reshaping realities on the ground, the implications for Israeli-Palestinian relations, and what the United States should do to play a constructive mediator role.
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.
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.
China’s quiet harvest: As America fights, Asia turns to Beijing
More than a month into the US-Israeli war with Iran, the central question is no longer whether China can avoid the costs. It cannot. The more important question is whether others will emerge even less able to bear them.
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.
US-Iran War Gives Syria’s Global Economic Pitch More Urgency
When the United States and Israel launched military operations against Iran a month ago, the Middle East was plunged into debilitating conflict. Nevertheless, Syria has remarkably just completed its most stable month in 15 years. Damascus and its international partners must capitalize on this opportunity.
