The Other MoU: Launching a Europe-Gulf Resilience Initiative After the US-Iran Deal
The Islamabad Memorandum of Understanding (MoU) between the United States and Iran may have ended one of the most consequential Middle Eastern crises in decades, but it has not resolved the strategic problem it exposed. Whether the 60-day talks it set in motion will produce a final agreement remains far from certain.Yet the central lessons are already clear: Iran has preserved significant leverage, Washington has had to scale back its ambitions, and Europe and the Gulf face the prospect of protracted regional tension. Europe and the Gulf should therefore use the aftermath of the US-Iran deal to articulate their own “other MoU”: a Europe-Gulf Resilience initiative.
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 ties that bind: The South Caucasus and the Middle East
As neighboring regions, the South Caucasus and the Middle East are inextricably intertwined — so much so that the former is sometimes even considered part of the Greater Middle East. While geographical proximity is the strongest driver of interconnectivity between the two regions, geopolitics, business ties, and energy interests also link countries from the South Caucasus and the Middle East and form the basis for important bilateral and regional relationships.
Iran’s “harsh revenge”: Is blocking the Strait of Hormuz really a plausible option?
In the immediate aftermath of the assassination of Gen. Qassem Soleimani, head of the Islamic Revolutionary Guard Corps – Quds Force, on Jan. 3, Ayatollah Ali Khamenei warned the U.S. of Iran’s “harsh revenge.” There has been much speculation around the timing, location, and the type (or form) of Iran’s promised revenge. Amin Mohseni-Cheraghlou takes a closer look at the impact of the widely discussed strategy of blocking the Strait of Hormuz.
On Jan. 8, Turkey inaugurated the TurkStream natural gas pipeline from Russia, seemingly deepening Ankara’s ties with Moscow. However, a fuller analysis of Turkey’s current energy policies and consumption trends indicate a dramatic shift westward, away from Russia and Iran.
Azerbaijani gas is now ready to flow all the way to Europe
Turkey has completed the next-to-last piece of the 2,000-mile Southern Gas Corridor, a three-pipeline network that will send gas from Azerbaijan’s huge Shah Deniz field via Georgia and Turkey to Western Europe.
It was such a big deal that Turkish President Recep Tayyip Erdogan, Azerbaijani President Ilham Aliyev, and Georgian Prime Minister Giorgi Gakharia presided at the ribbon-cutting on Nov. 30. They were celebrating the completion of the pipeline that is the middle link in the Southern Gas Corridor: the Trans-Anatolian Natural Gas Pipeline (TANAP), which traverses Turkey.
The subject of extensive international interest and attention over the past few years, blockchain technology is regarded as a key component of the fourth industrial revolution. This article seeks to shed light on the use of blockchain technology in the Gulf states by analyzing current trends of blockchain adoption in the region compared to those internationally. In so doing, it will determine Gulf institutions’ capacity for keeping pace with the changes and developments blockchain adoption has introduced.
Rouhani vs. the pump: Ignoring better policy alternatives, again?
Faced with rapidly deteriorating public finances, Iranian policymakers had no choice but to reduce gasoline subsidies through a combination of rationing and price hikes. However, the way in which they did so was problematic, especially when they had other, better policy options that would have ensured a more equitable, effective, and efficient outcome.
The Saudi Aramco IPO: Short-term success, long-term loss
The Saudi Aramco IPO got started this Sunday morning with shares priced at SAR 30-32 ($8-8.50) each, valuing the company at $1.7 trillion, $300 billion below the original estimate. The lower valuation has been expected for some time by most investment banks and many financial analysts. The proceeds are expected to fund the Public Investment Fund’s forays into non-energy-based companies, advanced technologies, and even robot-filled cities.
The Future Investment Initiative: A window on the kingdom’s future or a PR stunt?
The FII’s public relations bash is important in that it shows the world that the leadership of the kingdom has an ambitious and real vision to move the country forward.
Resolving the Lebanese-Israeli border dispute: What’s in it for Washington?
On Sept. 25, Lebanese President Michel Aoun told the UN General Assembly that Lebanon is prepared to welcome any country’s help in demarcating its land and maritime borders. He was referring to Lebanon’s decades-old border dispute with Israel, the resolution of which has become increasingly important as the country inches closer toward its first oil and gas drilling operations later this year.
Putin reaps benefits of Trump’s Middle East policy collapse
Putin’s visit to Saudi Arabia and the UAE takes place as the U.S. position in the Middle East collapses in the face of a series of misjudgments and “own-goals” by the Trump administration.
Putin’s visit to Riyadh could help shape the next chapter of Russia-Saudi relations
President Vladimir Putin heads to Riyadh to try to pry loose multi-billion-dollar investments that Saudi Arabia has pledged to Russia but failed to deliver on. Putin also hopes to persuade the kingdom to increase two-way trade.
New leadership and new challenges for Saudi Arabia's oil industry
Saudi Arabia surprised the global oil and gas industry earlier this month by reshuffling its top two energy positions. Long-serving technocrat Khalid al-Falih was ousted as chair of Saudi Aramco one day and as head of the Ministry of Energy the next.
The Syrian Oil Crisis: Causes, Possible Responses, and Implications
Unlike most other goods, the inflation-adjusted prices of oil and oil derivatives actually became cheaper in the years after the Syrian uprising and the loss of most of the country’s oil fields. Iran stepped in to fill the gap by shipping oil by sea through the Suez Canal. In recent months, however, these shipments seem to have ground to a halt, crippling regime-controlled areas. This paper examines several competing explanations for the slowdown in Iranian oil shipments, explores a range of possible responses for the Assad regime, and takes a closer look at the implications for the regime, its allies, and regular Syrians.
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.
