When Will Energy Markets Recover From the Iran War?
Two and a half months into the blockade of the Strait of Hormuz, what lessons can markets draw from the resulting global energy shock? Colby Connelly, MEI Senior Fellow, joins hosts Alistair Taylor and Matthew Czekaj to assess the crisis’s impact on the energy industry. Together, they examine how producers are responding to the conflict in both the short and long term, how this moment differs from past energy disruptions, and how regional reverberations may shape international energy policies going forward.
MENA Energy Recap, Q1-2026: Four Lessons From the Return of Tail Risk
This is a special edition of the MENA Energy Recap — a quarterly review of key energy developments that took place in the region from January through March of 2026 and what they signal in the months ahead. For Q1-26, the recap considers some of the long-term implications of the ongoing war in the region, which have caused the largest energy supply disruption in history, and what lessons these events hold for both near- and long-term energy dynamics in both the Middle East and the wider world.
The UAE’s departure represents an undeniable strategic setback for OPEC+. Its most likely response will be to shore up the amount of output capacity subject to quotas. For now, there are two clear pathways it could take to accomplish this, although neither represents a quick fix.
In Turkish-Russian relations, the Ukraine grain deal is not the point
The Ukraine grain export deal, which Turkey helped mediate over the summer, was saved last week to much fanfare; but the central unaddressed issue remains lifting Russia’s illegal blockade of Ukrainian ports, so Ukraine can freely trade with the world.
The SCO Summit in Samarkand: Reviving Iran and Uzbekistan relations on an oil and transit axis
The 22nd Shanghai Cooperation Organization (SCO) summit in the Uzbekistani city of Samarkand this past September turned out to be a boon for Iran’s regional policy. Not only was the Islamic Republic extended a roadmap to join the grouping, but the meeting also offered a convenient opportunity to revive and strengthen ties with Uzbekistan.
As protesters’ slogans and chants have made clear, the current protests are definitely not about the economy, but about opposition to the regime more broadly and its political and social oppression. Yet Iran’s economic problems have created an atmosphere that encouraged and fueled protesters’ anger and have done nothing to help the regime.
Under current, highly unpredictable market conditions, it is unreasonable for OPEC to make sharp movements to saturate the oil market or withdraw a significant number of barrels from it to meet divergent Western interests of lowering prices and punishing Russia.
Morocco’s green mobility revolution: The geo-economic factors driving its rise as an electric vehicle manufacturing hub
Rabat’s recent announcement that it would soon sign an agreement for the construction of a “gigafactory” to make electric vehicle (EV) batteries has placed Morocco in pole position to become a green mobility leader in the Middle East and North Africa.
Iran-Venezuela relations: Presidents, postures, and pressures
In June, Iran and Venezuela signed a 20-year road map on cooperation. As much as Iranian President Ebrahim Raisi has wanted to differentiate himself from his predecessor, his Venezuela policy has so far closely resembled that of Hassan Rouhani during the latter’s second term.
Gulf economies should use the available fiscal space to ensure a soft landing
After achieving respectable growth in 2021, the GCC member states now face the risk of monetary (over) tightening due to the need to follow the U.S Federal Reserve’s interest rate adjustments. These increases are not warranted, however, as the GCC economies currently face relatively moderate inflation. Instead, they should use the available fiscal space to mitigate the negative fallout of monetary tightening and make greater use of PPPs for future infrastructure development.
Egypt’s President Sisi makes a comeback on the world stage with a three-stop European tour
Egyptian President Abdel-Fattah el-Sisi’s recent, six-day European tour, which took him to Germany, Serbia, and France, aimed to boost his image and status as a central player on the world stage despite widespread criticism of his regime’s human rights record.
Erdoğan in Tehran, but Turkey and Iran have plenty of mistrust to overcome
Iranian-Turkish trade and economic cooperation has been the all-important platform on which otherwise often tense bilateral relations could survive. With trade and economic ties now weakening, their geopolitical rivalry could sharply re-intensify.
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.
