Battered but Still Standing, Egypt Tries to Weather the Economic Ravages of the Iran War
While Egypt is not in the direct line of fire in the US-Israeli war with Iran, its economy is acutely vulnerable to the conflict. In addition to the rising energy prices and shortages that have affected much of the world, it also struggled with issues that reflected its economy’s own underlying structural vulnerabilities.
From Hormuz to the Sahel: A Fertilizer Shock, and a Maghreb Solution
The war-time disruptions of international shipping passing through the Strait of Hormuz are spreading through the fertilizer market and affecting supply chains encompassing regions that have no margins to absorb the impact. The Sahel is one such region and now faces a severe threat of widespread hunger.
The US Has Secured a Cease-Fire in Lebanon. But Its Role Shouldn’t End There
Last Thursday, the US announced a 10-day cease-fire “to enable peace negotiations between Israel and Lebanon”. The State Department statement – reportedly agreed to by both governments – marked a significant diplomatic shift. It included an affirmation that “the two countries are not at war,” a commitment to work toward “full recognition of each other’s sovereignty and territorial integrity,” as well as “achieving a permanent agreement that ensures lasting security, stability, and peace.”
The war with the US and Israel has intensified pressure on the Iranian economy, but it has not represented a fundamentally new shock. The key question is not whether pressure exists, but whether it can be made decisive.
As the international community focuses on the regional and economic reverberations of the US-Israel-Iran war, the wartime experiences of ordinary Iranians and their aspirations for the future have received much less attention. Arash Azizi, a postdoctoral associate at Yale University and contributing writer at The Atlantic, joins hosts Alistair Taylor and Matthew Czekaj to discuss the war’s repercussions for the Iranian population and how the outcome of the conflict may shape the peoples’ lives going forward. Together, they explore Iran’s internal politics, the viability of the opposition, and the conditions needed to achieve democracy in Iran.
Turkey Sees Short-Term Pain, Long-Term Gain in the Iran War
The Iran war has posed significant immediate challenges for Turkey, including rising energy prices. But Turkish officials think that Ankara could reap benefits from the war in the long term.
Nazanin Boniadi: How the World Can Help Iran’s Democratic Struggle
Just weeks before President Trump’s war began, Iran was in the midst of a powerful wave of anti-regime protests spreading across the country. But once the war started, that momentum largely came to a halt. The conflict shifted the focus from dissent to survival and gave the regime an opening to crack down harder. With tighter controls, heightened fear, and everyday life suddenly more precarious, people pulled back from the streets. The protests may have paused, but the resentments that fueled them haven’t gone anywhere.
Currency Boards as Political Commitments: Comparative Experience, Gold Reserves, and the Lebanese Case
The following study discusses the role of Lebanon’s gold reserves in the establishment of a currency board and evaluates four policy options: a true currency board, constrained central bank reform, full dollarization, and a unified managed float. Gold reserves are relevant under all four. The conclusion is consistent across them: no monetary framework, however carefully designed and however well backed, can substitute for the prior political decision on who bears Lebanon’s losses and how the state will finance itself sustainably.
This special episode of Middle East Focus features a conversation from MEI’s Virtual Briefing Series. Host Alistair Taylor is joined by former National Security Council Senior Director Stephen Flanagan and MEI Senior Fellow Iulia-Sabina Joja to discuss the impacts of the Iran war on US-European relations. The conflict has hit Europe’s economy hard and created deep divisions across the continent, even as some European countries play a quiet supporting role to the US. President Donald Trump has called for NATO member states to help secure shipping through the Iranian-blocked Strait of Hormuz, a critical chokepoint for international maritime trade. Flanagan and Joja explore the prospects for stepped-up European military involvement, the knock-on effects on the war in Ukraine, and the potential longer-term impact on the future of the US-European alliance.
US-Iran War Gives Syria’s Global Economic Pitch More Urgency
When the United States and Israel launched military operations against Iran a month ago, the Middle East was plunged into debilitating conflict. Nevertheless, Syria has remarkably just completed its most stable month in 15 years. Damascus and its international partners must capitalize on this opportunity.
How the War Is Redefining Gulf Economic Power and Energy Strategy
The Gulf Cooperation Council (GCC) states are confronting the greatest threat to their economic security and energy strategy since their formation. The economic fallout of the US-Israeli war with Iran is severe, but uneven across the Gulf. So too is each state’s ability to sustain energy exports and protect critical infrastructure—both of which have been targeted unequally by Iran.
The US-Israeli war against Iran has created the largest disruption to global oil and liquefied natural gas supplies in modern history. There is a tremendous amount of economic uncertainty for Gulf states to navigate, and it will reshape the way they engage with one another and with Iran, Israel, and the United States for years to come. But this war has also laid bare how urgently the United States needs to update its own approach toward the Gulf states when it comes to energy.
Lebanon at the Brink: War, Hizballah, and the Fate of Democracy
Israel’s escalating campaign against Iran-backed Hezbollah is rapidly turning Lebanon into one of the most unstable fronts in the wider US-Israel confrontation with Iran — pushing an already fragile state to the brink. The war is tearing at Lebanon’s sectarian and political fabric, displacing Shiite communities and deepening polarization between Hezbollah and its rivals.
China’s Model of Power Projection in the Middle East
China’s expanding role in the Middle East is often framed as geopolitical rivalry with other global powers, including the United States, Russia, India, and others; but this lens obscures the strategic subtlety of Beijing’s approach.
