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With less than a week before the midterm elections in the United States, the spotlight is on the economy and cultural divides. US foreign policy remains mostly on the sidelines, but this year’s inconclusive Iran war and its effect on America’s economy have shaped the broader political environment in this electoral cycle.
Wars are decided by those who hold military power, but their costs are increasingly borne by those who have little or no voice in the decisions that start them. The US–Iran war shows this imbalance very clearly. Its economic consequences have gone far beyond the battlefield and have disrupted energy markets, trade routes, food supplies, public finances and investment in the Gulf, Europe, Africa and Asia. The most striking feature of the conflict, however, is not only the size of the damage but its very unequal distribution.
In recent weeks, the Iran-backed Houthis have fired missiles and drones deep into Saudi Arabia, striking high-profile targets, including Riyadh’s airport and Aramco’s headquarters. The attacks follow a rapid Houthi offensive in September to seize key parts of Yemen’s Red Sea coast, which Saudi-backed government forces are now trying to roll back. Fatima Abo Alasrar, an affiliated scholar at MEI and non-resident scholar at the Arab Gulf States Institute, joins hosts Alistair Taylor and Matthew Czekaj to unpack the latest phase of the conflict. They discuss what the Houthis want, Riyadh’s calculus and search for allies, and how this campaign ties into Iran’s confrontation with the United States.
Geopolitical influence over trade increasingly rests on controlling the systems that make them work. The Middle East illustrates the stakes. US ports, cable corridors, cloud facilities, artificial intelligence (AI) investments, and maritime routes connect regional economies to global commerce while exposing them to external decisions and disruptions. For the United States, the challenge is to translate technological advantage into resilient networks rather than rely on centrality that can itself become a source of vulnerability and coercion.
Israel is preparing to hold what may be its most consequential election in decades. On October 27, Prime Minister Benjamin Netanyahu will face his first electoral test since October 7, 2023. In this bonus episode of Middle East Focus, we present the audio from a recent MEI webinar, hosted in Israel on the eve of the vote. Senior Fellow Natan Sachs is joined by Dr. Shira Efron, Distinguished Chair for Israel Policy and senior fellow at the RAND Corporation, and Neri Zilber, veteran journalist and Financial Times correspondent. They explore what’s at stake in this historic election and how different outcomes could reshape Israel’s domestic politics and the wider region.
Israel’s national anthem, Hatikva, means “the hope.” Israel is not just another country, but the culmination of a 2,000-year-old dream of national redemption. The rebirth of the Jewish people’s ancestral homeland, just three years after the Holocaust, was a miraculous triumph of hope over all odds.
Today, that hope has been shattered and the elections on October 27 have become the most consequential in Israel’s history.
One striking thing about US President Donald Trump’s endorsement of Israeli Prime Minister Benjamin Netanyahu this past week is how isolated he was in making this call. The Israeli Prime Minister has become a widely detested figure worldwide following Israel’s war in Gaza—where Israel committed war crimes. This disdain was clearly on display in New York in September when dozens of diplomats streamed out of the hall during Netanyahu’s speech.
Mehrdad Akhlaghi was appointed defense minister in October 2026 by Iranian President Masoud Pezeshkian. He is an unusual choice, as, unlike most of his predecessors, he does not come from a uniformed military background. And his appointment comes arguably at the most sensitive time in the history of the Islamic Republic.
Washington says it doesn’t know who runs Iran. Tehran insists its leadership is united. MEI Senior Fellow Alex Vatanka joins hosts Alistair Taylor and Matthew Czekaj to sort out where the truth lies. They look at the small circle of political and military figures now steering the war effort in Tehran: who they are, how they make decisions, and how unified they really are. They also discuss the current state of US-Iran negotiations, the role of the upcoming midterm elections in the United States, and how the Islamic Republic is preparing for a potential renewal of conflict afterward.
