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“Self-rule” in Aden and the implications for Russia
Fighters with Yemen's separatist Southern Transitional Council (STC) deploy in the southern city of Aden, on April 26, 2020, after the council declared self-rule in the south. - Yemeni separatists declared self-rule of the country's south as a peace deal with the government crumbled, complicating a long and separate conflict with Huthi rebels who control much of the north. (Photo by Mohamed Abdelhakim / AFP)
  • Analysis
  • “Self-rule” in Aden and the implications for Russia

    Russia acts as a “key if quiet player” in southern Yemen, where its approach has been based on strategic neutrality. The goal has been to position Moscow as a greater stakeholder in mediation between the various Yemeni parties and outside players. Moscow has engaged the Southern Transitional Council, the UN-recognized Yemeni government led by President Abed Rabbo Mansour Hadi, the Houthi rebels, as well as the three main regional powers intervening in Yemen — Saudi Arabia, the UAE, and Iran.

    April 29, 2020

    Yemen's competition for Saudi patronage heats up as the STC declares self-rule
    Photo by SALEH AL-OBEIDI/AFP via Getty Images
  • Analysis
  • Yemen's competition for Saudi patronage heats up as the STC declares self-rule

    On April 25, the Southern Transitional Council declared self-administration and claimed authority over state institutions in the interim capital of Aden. The declaration demonstrates the region’s volatility, the limited reach of Yemen’s government, and the difficulty of imposing a solution to the problem of secessionism. It is also sparking political competition for Saudi patronage, and all of this poses a major diplomatic challenge for the Saudis.

    April 29, 2020

    Saudi-Russia oil price war — paused, but not over
    Photo by Yegor AleyevTASS via Getty Images
  • Analysis
  • Saudi-Russia oil price war — paused, but not over

    The April 12 OPEC+ deal to cut oil production that ended the disastrous five-week Saudi Arabia-Russia price war is a short-term fix for the global industry, but will not resolve the larger problem of over-production. The price war heightened animosity between Riyadh and Moscow and calls into question whether the OPEC+ partnership will ever be the same again. 

    April 17, 2020

    Saudi Arabia eyes the exit in Yemen, but Saudi-Houthi talks alone won’t resolve the conflict
    Photo by Andrew Renneisen/Getty Images
  • Analysis
  • Saudi Arabia eyes the exit in Yemen, but Saudi-Houthi talks alone won’t resolve the conflict

    During the Munich Security Conference in February 2020, Saudi Arabia’s foreign minister, Prince Faisal bin Farhan, signaled that the Saudi-Houthi backchannel talks were not “ready to move to the highest level.” However, the situation changed following the Houthi ballistic missile attack on Jazan and Riyadh in late March, and on April 8, the coalition’s Joint Forces Command 

    April 15, 2020

    India-Gulf Migration: A Testing Time
    (Photo by KARIM SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)
  • Analysis
  • India-Gulf Migration: A Testing Time

    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.

    COVID-19, the oil price war, and the remaking of the Middle East
    Photo by AFP via Getty Images
  • Analysis
  • 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.

    Can Saudi Arabia win the oil price war?
    Photo by Sefa Karacan/Anadolu Agency via Getty Images
  • Analysis
  • Can Saudi Arabia win the oil price war?

    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.

    Without the US, don’t expect a universal oil deal
    Photo by Doug Mills-Pool/Getty Images
  • Commentary
  • Without the US, don’t expect a universal oil deal

    This Thursday, a postponed virtual meeting of “OPEC+ and Friends” will determine the level and seriousness of participation in a global oil pact.

    April 6, 2020

    Qatar’s $5 billion bond issue
    Photo by David Ramos - FIFA/FIFA via Getty Images
  • Commentary
  • Qatar’s $5 billion bond issue

    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.

    April 6, 2020

    Five years on, has the Arab coalition achieved its objectives in Yemen?
    Photo by FAYEZ NURELDINE/AFP via Getty Images
  • Analysis
  • Five years on, has the Arab coalition achieved its objectives in Yemen?

    On March 26, 2015, the former Saudi ambassador to the U.S., Adel al-Jubeir, announced the beginning of a Saudi-led military campaign in Yemen to curtail Iran’s influence in the country, reinstate the regime of President Abed Rabbo Mansour Hadi in Sanaa, and deter the Iranian-backed Houthi threat. Five years on, however, the objectives of Operation Decisive Storm are far from realized, and the situation on the ground is as volatile as ever.

    April 2, 2020