Research & Commentary Results

While oil prices have rebounded before soaring since the depths of collapse in the spring of 2020 — with Brent crude prices skyrocketing from $19 per barrel in April 2020 to a three-year high of $86 per barrel in October 2021 — the prospects for a sustained high oil price for Gulf producers is unlikely.

During his recent visit to Tbilisi, U.S. Defense Secretary Lloyd Austin poured cold water on the idea of American support for a so-called “3+3 format” in the South Caucasus. When asked about the proposal, he said, “I would just say that Russia, which currently occupies 20% of Georgia’s territory, should focus on honoring its 2008 cease-fire commitments before promoting any new discussion platforms.”

Integrated air and missile defense will make America’s partners in the Persian Gulf safer and bolster America’s policy against Iran. It’s past time to make IAMD a priority.

Turkey’s official policy supports the territorial integrity of Ukraine and Georgia, and it sells UAVs and ships to Ukraine. Yet, trade continues with the Russian-occupied territories of Abkhazia and Crimea. By allowing this illegal trade, Turkey undermines both its own credibility and its trading partners’ security. Shipped goods not only help connect occupied zones to Russia, but trade also brings hard currency into these zones, which are outside the international banking system.

Turkey, like many countries worldwide, has recently faced severe environmental events. Suffering from floods and the worst wildfires in its history in the summer of 2021, the country finally took an important step to tackle climate change, ratifying the Paris Agreement international treaty on climate change on Oct. 6, 2021.

سيزور برثلماوس الأول، البطريرك المسكوني للقسطنطينية والزعيم الروحي لما يقرب من 300 مليون مسيحي أرثوذكسي على مستوى العالم، الولايات المتحدة بين 23 أكتوبر/تشرين الأول و3 نوفمبر/تشرين الثاني. وسيعلن بدء الاحتفال بالذكرى المئوية لتأسيس أبرشية الروم الأرثوذكس بأمريكا في زيارته الأولى للولايات المتحدة الأمريكية منذ 12 عامًا. ستكون المحطة الأولى للبطريرك المسكوني هي واشنطن العاصمة، حيث من المقرر أن يلتقي بالرئيس جو بايدن في البيت الأبيض.

A decade has passed since Turkish President Recep Tayyip Erdoğan landed in Mogadishu at the height of one of Somalia’s worst famines, announcing grandiose projects like the launch of Turkish Airlines flights to the Somali capital, the remodeling of a hospital, and the opening of the biggest embassy in Africa, all designed to show that Turkey’s mission goes well beyond aid and that Ankara is an alternative to Somalia’s traditional donors. Erdoğan’s historic visit earned him high praise throughout Somalia. Although his trip appeared to be a heartfelt humanitarian mission, in reality it was part of a long-term, strategically planned effort. A decade on, Somalis are starting to realize that Turkey has evolved from friend to foe, trade partner to trade protectionist, state builder to outright spoiler.

Bartholomew I, the Ecumenical Patriarch of Constantinople and spiritual leader of nearly 300 million Orthodox Christians globally, will visit the United States between Oct. 23 and Nov. 3. He will inaugurate the centennial celebration of the founding of the Greek-Orthodox Archdiocese of America in his first U.S. visit in 12 years. The Ecumenical Patriarch’s first stop will be Washington, DC, where he is due to meet with President Joe Biden at the White House. This in-person meeting provides the Biden administration a unique opportunity not only to raise human rights and religious freedom issues in Turkey but also to push back against Russian attempts to undermine the Ecumenical Patriarchate, which the Kremlin sees as a threat and targets with disinformation campaigns.

Turkish President Recep Tayyip Erdoğan long believed that establishing one-man rule would end all his headaches. Instead, the system he created has only caused him more trouble. So great is Erdoğan’s remorse that he is now said to be thinking of amending the executive presidency to strengthen the role of parliament.

At its Sept. 23 meeting, the Central Bank of the Republic of Turkey (CBRT), in a surprise move, cut its policy rate (1-week repo rate) 100 basis points to 18.00%, while headline inflation was 19.25% (currently 19.58%). This is an interesting development as most central banks around the world have just started preparing to implement tighter policies.

Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.

China’s recent multi-sectoral engagements in Turkey suggest that the Black Sea region’s significance is on the rise in Beijing, and under President Erdoğan, Turkey has consistently sought its favor and investment.

Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.

We rarely miss an opportunity to criticize our Gulf Arab partners — sometimes rightly so — for not doing enough to safeguard collective interests. But one must acknowledge that on Afghanistan, and especially our just-completed exit from the country, most of our Gulf Arab partners absolutely shined. They deserve a ton of credit for the role they played in our large, challenging, and deadly evacuation — a role which was nothing short of indispensable.

Just before visiting Turkish-occupied Northern Cyprus in late July, Turkish President Recep Tayyip Erdoğan gave Serbia an unpleasant surprise. He announced that Turkey would lobby to increase the number of countries that recognized independent Kosovo. Erdoğan stated on July 19, “Now 114 countries recognize Kosovo, and we want that number to increase. We hope that this year at the United Nations General Assembly, at the meeting I will have with [U.S. President Joe] Biden, we will discuss this topic again, that we will work together on the recognition of Kosovo.”