When Will Energy Markets Recover From the Iran War?
Two and a half months into the blockade of the Strait of Hormuz, what lessons can markets draw from the resulting global energy shock? Colby Connelly, MEI Senior Fellow, joins hosts Alistair Taylor and Matthew Czekaj to assess the crisis’s impact on the energy industry. Together, they examine how producers are responding to the conflict in both the short and long term, how this moment differs from past energy disruptions, and how regional reverberations may shape international energy policies going forward.
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 UAE’s departure represents an undeniable strategic setback for OPEC+. Its most likely response will be to shore up the amount of output capacity subject to quotas. For now, there are two clear pathways it could take to accomplish this, although neither represents a quick fix.
Turkey's role after the Black Sea grain deal collapse has become even more critical
During the 500 days since Russia’s invasion of Ukraine, the Middle East avoided a catastrophic food crisis, thanks in part to the Black Sea grain initiative. Russia’s decision to cancel that agreement is raising fears that the return of supply shortages and skyrocketing wheat prices could quickly plunge the most vulnerable countries of the region into crisis.
Climate Change Threatens Turkey’s Role as a Food Supplier to Europe and the Middle East
The persistence of high food inflation in Turkey belies a deeper problem. Turkish agrifood production cannot adequately cope with increasing water scarcity due to climate change. Challenging Turkey’s own food security, the growing crisis also threatens Turkey’s role as a food supplier to Europe and the Middle East. Regional food supply chain breakdowns due to a decline in Turkish production would create a debilitating economic impact on both regions.
The new wave of dealmaking by Gulf sovereign wealth funds
For resource-rich countries such as Gulf oil and natural gas producers, sovereign wealth funds have emerged as promising tools to save for future generations, mitigate the effects of outsized economic shocks, and/or be deployed as reserve investment and strategic development funds to spend on human, natural, social, and physical capital.
مع تحول التحديات البيئية إلى أولوية بالنسبة للدول في منطقة الشرق الأوسط والبحر الأبيض المتوسط، تظهر فرص جديدة للتعاون البيئي الإقليمي، بما في ذلك بين إسرائيل وجيرانها. على الرغم من محدودية نطاقها ومواجهتها لعدة عقبات رئيسية، إلا أن هناك جهود تعاونية إقليمية جارية، بما في ذلك على المستويين الثنائي والمتعدد الأطراف، كما أن هناك جهود جارية للحفاظ عليها وتوسيعها. يتناول هذا التقرير الجديد، الذي تم إعداده تحت رعاية منتدى المناخ الإسرائيلي، أهمية التعاون البيئي الإقليمي في الشرق الأوسط والبحر الأبيض المتوسط، ويدرس نطاق هذا التعاون بين إسرائيل وجيرانها، ويوضح الفرص والعقبات والتوصيات لزيادة التنسيق والعمل المشترك، بما في ذلك الدور الذي يمكن أن تلعبه الولايات المتحدة وأوروبا.
في السنوات القليلة الماضية، تغيرت التوقعات العالمية في مجال الطاقة. فقد أدى صعود السياسات الشعبوية وتزايد الشعور بضرورة اتخاذ إجراءات عاجلة بشأن تغير المناخ إلى إثارة جدل حول سياسات الطاقة في البلدان الغنية، مما أدى إلى ظهور مزيج مربك من السياسات الصناعية الجديدة. وجعلت جائحة كوفيد-19 من الصعب للغاية التنبؤ بأسعار الوقود وأنماط الاستهلاك، وأجبرت العديد من البلدان على مواجهة ارتباطاتها بسلاسل التوريد الهشة التي تشمل عدة دول وبالدول النفطية القديمة.
Georgia the interconnector — but where’s Washington?
For the sake of safeguarding transatlantic — and thus also American — security interests in the South Caucasus, it is becoming increasingly imperative that the United States better anchor itself economically, politically, and militarily in the eastern Black Sea region, especially strategically placed Georgia.
إخفاقا الخليج المزدوجان: الابتكار وتوظيف المواطنين في القطاع الخاص
خرجت دول الخليج من الجائحة العالمية برياح اقتصادية مواتية. لكن الأحداث البارزة مثل استضافة قطر لكأس العالم لكرة القدم وإكسبو الدولي في الإمارات العربية المتحدة استمرت في إخفاء نقطتي ضعف خفيتين ولكنهما مهمتين عانت منها هذه الدول لعقود. لماذا تفتقر اقتصادات الخليج إلى الابتكار؟ ولماذا تكافح من أجل خلق فرص عمل في القطاع الخاص للمواطنين؟
The current complex situation in the global oil market seriously tests the abilities of OPEC+ to play the role of a regulator, forcing Saudi Arabia to assume the main burden of responsibility for keeping oil prices from declining further and for shoring up the cartel ranks.
Saudi LNG exports: Overcoming challenges to commercial success
After issuing positive statements around greenfield blue hydrogen projects in late 2022, the company, Bloomberg now reports, may be migrating away from the hydrogen scheme and toward LNG exports. Both would require significant capital investment. Assuming the company decides to pursue an LNG export project, it will face many potentially value-erosive challenges and risks that must be overcome before achieving economic success.
Measure, verify, certify: How to future-proof Gulf companies in the energy transition
Several Gulf states have introduced renewable energy certificates into their low-carbon energy eco-system. What are RECs and how can they help companies navigate the energy transition?
Beijing to Baghdad: China’s growing role in Iraq’s energy sector
Chinese companies are well positioned to participate in Iraq’s efforts to expand its oil production capacity and develop domestic gas supplies, as they are actively engaged in various energy-related undertakings throughout the country. However, if indeed China’s strategy is, as some have suggested, to become the dominant player in Iraq’s economy, achieving that objective will likely prove difficult given Iraq’s challenging operating environment and contentious politics.
War as a catalyst for greater Black Sea-Gulf interconnectivity
Russia’s full-scale invasion of Ukraine has destabilized and distressed the entire Black Sea neighborhood. Yet despite the war, or perhaps because of it, strategically important foreign direct investments into Black Sea littoral countries, including from the Gulf, have endured or even grown.
