Washington will have three options to increase the pressure against Tehran
The pace of military action in Syria has plateaued. With the assumption of a frozen conflict comes the attendant assumption that humanitarian conditions are also likely to be stable. This could not be further from the truth. Humanitarian conditions continue to deteriorate, driven by three factors, and urgent action is now needed to avoid a famine.
Amid heightened tensions between the U.S. and Russia over Ukraine, the issue of Georgia’s path to NATO membership is once again in the spotlight. While Tbilisi has made real progress in its military reform efforts, the major hurdle is political, not military, in nature and until the Alliance can achieve consensus, the future of Georgia’s relationship with NATO will remain uncertain.
The events of recent months, including a series of critical statements by international players about the reluctance of OPEC+ to raise output beyond its established quotas, have clearly demonstrated the changing realities in the oil market. In addition to global uncertainty, the dynamics between Saudi Arabia, Russia, and the U.S., as well as the actions of Asian oil consumers, have become other key factors shaping the cartel’s behavior.
عندما أعلن البيت الأبيض في عهد الرئيس جو بايدن أنه قد نجح في ضم العديد من الدول الرئيسية المستهلكة للنفط في محاولة لتنسيق عمليات الإفراج عن احتياطيات البترول الاستراتيجية (SPRs) حول العالم، بدا أن هذا سيكون العامل الرئيسي الوحيد في أسواق النفط التي ستناقشه أوبك بلس في
U.S. military posture is a perfect example of the interdependence between defense strategy and foreign policy. Defense professionals in the Pentagon can come up with the best ideas for where and how the United States should station its troops and military assets overseas, but without the necessary U.S. diplomacy to secure security agreements or understandings with global allies and partners, those concepts will not be implementable.
Bilal Saab, senior fellow and founding director of MEI’s Defense & Security Program, discusses the recently completed Defense Department Global Posture Review (GPR), his thoughts on the review and process, and how it will impact the U.S. strategy in the Middle East.
Following the resignation of the finance minister and his replacement by a loyalist on Dec. 2, the Turkish lira continued its steady decline against the dollar, bringing its losses for the year to nearly 50%. The Central Bank of the Republic of Turkey’s early cuts to the policy rate since September have resulted in an exodus of foreign capital and a rush in demand for foreign exchange among domestic investors.
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.
If the Biden administration makes concessions to appease the Islamic Republic of Iran as part of the recently resumed Vienna nuclear talks, it will be a historic mistake. The Islamic Republic is facing a deep legitimacy crisis of its own making, as a series of disastrous decisions have hardened the people’s views against the regime. These days, anyone who is seen to be throwing the Islamic Republic a lifeline will be wildly unpopular among Iranians.
When President Joe Biden’s White House announced that it had successfully enlisted several major oil-consuming countries in an effort to coordinate releases from strategic petroleum reserves (SPRs) around the world, it looked like this would be the only major factor in oil markets that OPEC+ would need to consider at its upcoming meeting on Dec. 2. Then came Omicron. The newly discovered variant of the COVID-19 virus sent benchmark oil prices plunging on Nov. 26 as uncertainty over its impact roiled global markets.
Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.
After almost two years of work, the first draft of the EU’s so-called Strategic Compass was presented on Nov. 15. The objective of this military strategic plan is to agree on a set of proposals to guide the bloc’s defense cooperation efforts for the next five to ten years. Previous attempts at seriously bolstering Europe’s defense ambitions have often been half-hearted, but this time could be different because Europe feels genuinely threatened.
Under the Biden administration, calls for a NATO Black Sea strategy have amplified. A gamechanger for the much-needed regional strategy is Georgia’s and Ukraine’s path to membership. NATO’s strategic reassessment, to be finalized next year at the Madrid summit in June, will likely fall short of granting Ukraine and Georgia the desired Membership Action Plan. Nevertheless, NATO’s strategic reassessment offers the opportunity of a partnership upgrade for one or both countries.
Read MEI’s weekly briefing featuring expert analysis of key regional developments for the week ahead.