Brenda Shaffer (Georgetown University), Anna Borshchevskaya (Washington Institute for Near East Policy), and Alex Vatanka (MEI) join host Alistair Taylor to discuss how the dynamics between Russia and Iran are playing out in the Caucasus, and what it means for the countries of the region.
The Saudi Aramco IPO got started this Sunday morning with shares priced at SAR 30-32 ($8-8.50) each, valuing the company at $1.7 trillion, $300 billion below the original estimate. The lower valuation has been expected for some time by most investment banks and many financial analysts. The proceeds are expected to fund the Public Investment Fund’s forays into non-energy-based companies, advanced technologies, and even robot-filled cities.
The role of cybersecurity in the future of geopolitics in the Middle East and the surrounding regions will have much to do with individual state and enterprise preparedness. With cyber threats a growing source of interstate tension, governments must take measures to increase national cyber preparedness that are tailored to their vulnerabilities and cyber ecosystems. Israel and Estonia are examples of states that prove this rule. Despite their relatively small size, both have demonstrated an exceptional capacity to deter or defend against cyber aggression from their much larger, more aggressive neighbors.
Turkey’s relations with its Western allies are at an all-time low while its partnership with Russia is flourishing. Since Russia began delivery of its S-400 advanced aerial defense system in July, questions have abounded about Turkey’s future in the NATO alliance. Such concerns are not baseless. Turkey-Russia ties have never been closer. The two countries cooperate closely not only on energy and trade but also in the defense sector. But fears of a Turkish withdrawal from the alliance overlook the continued tension between Ankara and Moscow, which makes NATO an indispensable partner for Turkey.
With the fall of the Berlin Wall 30 years ago, ties between Western and Eastern Europe were renewed. In the same period, another wall crumbled — between the Middle East and the former Soviet states. And yet, to this day, U.S. national security institutions continue to view these two regions through a Cold War lens, separating how they are handled. This approach needs to change; integrating research and policy toward the Middle East and the bordering states of the former Soviet Union would improve analytical understanding and help identify new policy options.
The FII’s public relations bash is important in that it shows the world that the leadership of the kingdom has an ambitious and real vision to move the country forward.
On Sept. 25, Lebanese President Michel Aoun told the UN General Assembly that Lebanon is prepared to welcome any country’s help in demarcating its land and maritime borders. He was referring to Lebanon’s decades-old border dispute with Israel, the resolution of which has become increasingly important as the country inches closer toward its first oil and gas drilling operations later this year.
Putin’s visit to Saudi Arabia and the UAE takes place as the U.S. position in the Middle East collapses in the face of a series of misjudgments and “own-goals” by the Trump administration.
President Vladimir Putin heads to Riyadh to try to pry loose multi-billion-dollar investments that Saudi Arabia has pledged to Russia but failed to deliver on. Putin also hopes to persuade the kingdom to increase two-way trade.
Saudi Arabia surprised the global oil and gas industry earlier this month by reshuffling its top two energy positions. Long-serving technocrat Khalid al-Falih was ousted as chair of Saudi Aramco one day and as head of the Ministry of Energy the next.
Unlike most other goods, the inflation-adjusted prices of oil and oil derivatives actually became cheaper in the years after the Syrian uprising and the loss of most of the country’s oil fields. Iran stepped in to fill the gap by shipping oil by sea through the Suez Canal. In recent months, however, these shipments seem to have ground to a halt, crippling regime-controlled areas. This paper examines several competing explanations for the slowdown in Iranian oil shipments, explores a range of possible responses for the Assad regime, and takes a closer look at the implications for the regime, its allies, and regular Syrians.
OPEC+ nations have ended speculation about whether they would continue oil production cuts by agreeing to a nine-month extension. Led by the global petroleum powers Saudi Arabia and Russia, the group agreed on July 2 to extend the current level of cuts until the second quarter of 2020.
When it was signed four years ago, the Iran nuclear deal was widely perceived as a diplomatic triumph, a move that would help reintegrate Iran into the global economy and restore its relations with the West. Things haven’t quite turned out that way, however.
U.S. crude oil and energy product exports surged to an all-time high in the third week of June, making the country a net exporter of oil and products for the third time since November 2018. This change lends credence to American officials’ presumption that amid growing U.S.-Iran tensions in the Persian Gulf, Washington is less compelled to police oil transit routes in the region, especially the Strait of Hormuz, than it was during the 1980s. However, while the U.S. is less reliant on oil imports than in the past, it still remains dependent on Gulf producers, albeit in different ways.
In this week’s Monday Briefing, MEI experts Alex Vatanka, Gonul Tol, Gerald Feierstein, Marvin G. Weinbaum, Rauf Mammadov, and Robert S. Ford provide analysis on recent and upcoming events including Iran’s announcement that it has exceeded its enriched uranium limit, Turkey’s purchase of Russia’s S-400s missile defense system over American objections, an Emirati announcement that it will downsize military involvement in Yemen, the resumption of intra-Afghan peace talks, Russia’s continuing embrace of OPEC+ oil production cuts, and the emergence of potential threats to Tunisia’s democracy.