Despite his support, al-Kadhimi’s path to obtain confirmation of his cabinet from the Council of Representatives is riddled with challenges.
The ingredients that fueled ISIS’s explosive expansion in Syria in 2013-14 are not only still present today, they are worse.
The new cuts will likely not do much to shore up oil prices.
Saudi Arabia’s recent decision to call for an urgent OPEC+ meeting was driven by a simple logic. In spite of its obvious advantages over other oil producers, the kingdom is still taking serious risks as it pursues an oil price war.
This Thursday, a postponed virtual meeting of “OPEC+ and Friends” will determine the level and seriousness of participation in a global oil pact.
Saudi Arabia declared a price war against Russia in early March to prove a point: that it can offer an unprecedented supply of 12.3 million barrels per day (bpd), way above the record 11 million bpd it reached in November 2018, and expand its market share at the expense of Moscow. As the coronavirus pandemic brings the world to a standstill, the question is how long it can sustain this war.
In active threat zones, the capacity to launch major operations will likely be constrained for at least several months once the virus begins its inevitable surge.
In the face of Algeria’s Hirak protest movement, the response of the EU so far has been measured, and it is notable that the EU’s calls for democratic reform are framed in economic terms that emphasize the benefits of greater economic integration between the states of the Maghreb. What opportunities do the ongoing changes in Algeria present for enhancing economic integration in the long term?
The outbreak of a Russian-Saudi oil price war earlier this month might offer some comfort to Iran, a country which has in recent years become unnerved by the increasingly close ties between Moscow and Riyadh. However, it is premature to see an Iranian geopolitical win emerging from the Russian-Saudi spat, and history should give Tehran plenty of reservations about Moscow’s ability to deliver on its economic promises to Iran. While Iran and Russia will likely continue to pay lip-service to the idea of an economic partnership, each side will remain preoccupied with larger concerns. This is a tale of unfulfilled economic potential.
Economies around the world are being battered by two “black swan” events at the same time: the COVID-19 virus and the oil price war between Russia and Saudi Arabia. Naturally, the countries of the Middle East and North Africa (MENA) are also affected, although each in different ways. Those that are net users of energy, which could have benefitted substantially from the vastly lower energy prices, are getting hit hard by COVID-19, while oil and gas producers are suffering from an all-out oil price war made worse by the steep decline in worldwide demand caused by the pandemic.
Washington’s foreign relations in the Middle East are often characterized by ebb and flow, tracking the region’s dynamic politics. But when it comes to Iraq, this ebb and flow is especially turbulent, and the country’s energy sector has been thrown under the spotlight as Washington presses Baghdad to take swift action to ensure its “energy independence” from Iran.
If OPEC’s history is anything to go by, everyone suffers from an oil price war.
It is a near truism that U.S. relations with Pakistan have been historically unstable, waxing and waning, climbing to heights of interdependence and sinking to mutual recrimination. Yet this is presently a period unmarked by either high promise or driven by crisis. Rather than a reason, however, for leaving the relationship untouched and unexamined, this can be a time of unusual opportunity to create a more deliberative approach to thinking about the bilateral relationship and for shaping fresh initiatives.
An airstrike last Thursday, which killed 33 Turkish soldiers and wounded 60 more, was a game-changing development in the Syrian conflict. In the days since, Turkey has unleashed a major military response, carrying out scores of drone attacks on Syrian Army units and facilities. All of this is taking place against the backdrop of a massive and growing humanitarian crisis, with nearly a million people fleeing toward the Turkish border. Charles Lister and Sasha Ghost-Siminoff join host Alistair Taylor to discuss how events are unfolding.
The latest economic crisis in Syria is hitting the population hard. Syrians have been beset by currency depreciation, soaring prices for basic goods, and energy shortages that have left people to freeze in the harsh winter, leading to growing and increasingly vocal discontent.