Jordan’s Economy Weathers Iran War’s Shocks and Finds New Opportunities
In the summer of 2003, King Abdullah II told Bloomberg Jordan sits “between Iraq and a hard place,” a play on words designed to describe the kingdom’s challenging environment to an American audience amid the US-led Iraq war to the east and the lingering Palestinian-Israeli conflict to the west. Jordan is grappling with a much “harder place” today.
Proponents of the war with Iran have taken recent increases in crude-oil flows through the Strait of Hormuz as proof that the US strategy is finally working. President Trump is so confident in this that he recently rejected a seven-day plan, set forward by Iran’s foreign ministry, to end the war and open the strait. The United States is “winning tremendously,” Trump boasted.
Special Episode: Saudi Oil After the East-West Pipeline Attack
Saudi Arabia’s East-West pipeline is back in operation after a drone attack from Iraq, blamed on Iran-backed militias, shut it down for nearly two weeks. The pipeline is the kingdom’s main way to export oil while the Strait of Hormuz is closed, so the shutdown dealt another blow to global energy markets. How vulnerable is this route, and what does that mean for the kingdom and the world economy? This episode of Middle East Focus features a recent MEI Virtual Briefing in which Director of Communications Zeina Al-Shaib is joined by MEI Senior Fellow Colby Connelly and MEI Affiliate Yesar Al-Maleki. They examine the new geopolitical risks facing the oil market, what further losses of global supply could mean for Saudi Arabia and the world economy, and which buffers outside the Persian Gulf could ease the pressure.
Since its founding the IRGC has evolved into a significant military and financial player in Iran. Khatam al-Anbiya, its construction arm, gets funding from the government for all kinds of major building projects. It is particularly actively in water management projects, like dam construction and water transfer schemes, and it forms a key part of Iran’s “Water Mafia.”
Finding common ground: Fostering environmental cooperation in the Persian Gulf
When it comes to the Persian Gulf, saving the environment might seem like it would be the last item on the to-do lists of the region’s Iranian and Arab rivals. It is an urgent matter, however — and one that could help turn these foes into friends. The United States can play an important role in this: It has helped the region to resolve conflicts over water in the past, and it could do so again.
Iran-US negotiations 2021: No 2015 redux by the standards of the Iranian economy
The core question for Iran watchers this year is the likelihood and nature of a renewed Iranian nuclear deal. However, the circumstances are very different and the respective bargaining power of the two sides does not mirror the negotiations in 2015. In particular, the macroeconomic backdrop is considerably worse today and the regime more desperate for sanctions relief than it seems.
The Riyadh Agreement: Yemen’s new cabinet and what remains to be done
On December 18, Yemeni President Abed Rabbu Mansour Hadi announced a new cabinet as part of his efforts to implement the political annex of the Riyadh Agreement (RA) signed on November 5, 2019 between the Republic of Yemen Government (ROYG) and the UAE-backed Southern Transitional Council (STC). The agreement included several political, security and economic provisions such as: the formation of a new government that includes the STC; the disarmament and integration of militias and military formations under the auspices of the ministries of defense and interior; support of the Yemeni economy; and the demilitarization of Aden.
MEI’s Paul Salem and Ross Harrison join host Alistair Taylor to discuss what the Biden Administration can do to reduce regional tensions and proxy conflicts in the Middle East.
The Challenge of Foreign Fighters: Repatriating and Prosecuting ISIS Detainees
From the U.S. and the U.K. to Iraq and Syria, the way countries are handling the repatriation and prosecution of accused ISIS members echoes the policies that drove their citizens to seek a utopian Islamic State in the first place. Not only are the policies that pushed people to start joining the group in 2013 continuing, but in many cases they have increased in both scale and scope. While the current repatriation and prosecution policies are arguably counterproductive, they may also be fueling future terrorist activity and support for radical anti-government groups. To reduce the chances of such negative consequences, foreign governments must switch gears and adopt an entirely different approach before it is too late.
In mid-January the press reported that the United Arab Emirates (UAE) will soon participate in a joint military exercise with the United States, Canada, Slovakia, Spain, Cyprus, and Israel. While Israel’s inclusion is certainly newsworthy, it is also quite significant that the drill will take place in and be coordinated by Greece. This is just the latest step in a long process of engagement between Athens and Abu Dhabi.
The oldest peer-reviewed publication dedicated to the study of the modern Middle East, MEI’s flagship journal covers politics, society, and culture in the region.
