This backgrounder provides an overview of the Gulf Cooperation Council (GCC), a regional political and economic alliance comprising six states in the Arabian Peninsula: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
The US-Iran standoff over the Strait of Hormuz — disruptive to global trade and energy flows, and devastating for debt-burdened economies — has handed Pakistan an unexpected geoeconomic opportunity, one that may persist even if the framework agreement announced on June 14 results in a lasting peace and permanent reopening of the strait. But seizing it will have interlocking consequences for Islamabad’s ties with Tehran, Washington, and the Gulf states.
This essay argues that the current debate about the future of the international monetary system is not really about Gulf currencies, oil pricing, or de-dollarization in the narrow technical sense. It is about something deeper and more important: whether institutional trust can survive when geopolitical certainty is eroding.
After months of deadlock following the November 2025 elections, Iraq’s parliament approved a new government under Prime Minister Ali al-Zaidi on May 14, 2026 — just as the country has become a battleground in the US-Israel-Iran war. Zaidi inherits a daunting brief: reviving a struggling economy, reining in armed factions, and steering Iraq through a perilous regional landscape. Dr. Renad Mansour, deputy director of the Middle East and North Africa Programme and director of the Iraq Initiative at Chatham House, joins host Alistair Taylor to discuss the war’s impact on Iraq — from Iran’s militia networks to the surge of attacks on the Kurdistan region — and how it’s reshaping Baghdad’s ties with Tehran and Washington.
A Turkish court has taken a dramatic step that could reshape the country’s political landscape. It annulled the results of the CHP’s 2023 party congress, effectively overturning the election of Özgür Özel as leader of Turkey’s main opposition party and potentially paving the way for former chairman Kemal Kılıçdaroğlu to return.
A fragile cease-fire between Lebanon and Israel is barely holding as military delegations from both countries arrive in Washington for a new round of direct talks scheduled for this Friday. But diplomatic success could mean new strategic opportunities for the Lebanese nation. Guest host and MEI Senior Fellow Brian Katulis is joined by Lebanese Member of Parliament Fouad Makhzoumi to unpack the challenges facing the Lebanese government today, Hizballah’s influence over state institutions, and what all of this means for the country’s future. Makhzoumi also reflects on his personal journey and what inspired him to transition from business to politics in an effort to help shape a better life for his granddaughters in Lebanon.
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.
Pakistan is not merely reacting to the current phase of the 2026 Iran war; it is functioning as a system-adjusting intermediary within a rapidly reordering regional landscape. As established channels of diplomacy, trade, and financial coordination have fractured under wartime pressure, Islamabad has emerged as a critical node through which regional and extra-regional actors are progressively rerouting engagement, commerce, and influence.
In the early hours of Sunday, May 3, Jordanian F-16 fighter jets crossed into Syrian airspace and launched strikes on at least six locations in the southern province of Sweida. In a statement issued hours later, Jordan’s military said that “Operation Jordanian Deterrence” had targeted “factories, facilities and warehouses used by trafficking groups as launch points for smuggling operations into Jordan.”
The Houthis are a political-military faction and Zaydi religious movement founded in northwestern Yemen in the 1980s. A key member of Iran’s Axis of Resistance with links to other militant organizations in the Arabian Peninsula and the Horn of Africa, the group has continued to pose a threat to Western interests on a global scale.
