Middle East & North Africa

The human tragedy continuing to unfold in Gaza and Israel reminds us how important it is to get strategic forecasting right. While in no way excusing Hamas’ culpability for 7 October, we also cannot dismiss the fact that the failure to anticipate and prepare for such an attack has had grave consequences for communities on both sides of this conflict, undermined efforts to bring peace and prosperity to the region, and affected global interests through the expansion of the conflict to the Red Sea and potentially beyond. 

Joseph Nye considers lessons from his own work on preventing the spread of nuclear technology in the 1970s.

To keep oil flowing and diminish the U.S., Beijing brokers a deal between Iran and Saudi Arabia.

Hamidreza Azizi and Nicole Grajewski analyze Russian Foreign Minister Sergei Lavrov's recent demands  for written guarantees that Western sanctions over Ukraine "will by no means affect our right to free and full-fledged trading, economic, investment, military and technical cooperation with Iran."

Russian military action in Ukraine could trigger an energy crisis even more serious than the one already hitting Europe. As has been pointed out, should the West hit Russia with severe new sanctions, President Vladimir Putin could cut off natural gas exports, leaving the continent shivering through midwinter. Yet there is another potential weapon of Russia’s that’s been less discussed and might be very effective: An ability to disrupt global oil markets, which would directly hit U.S. consumers.

The hard truth is that the United States now has few good options for containing Iran’s nuclear program. It can persist with the no-deal status quo, allowing Iran to continue inching closer to a bomb while suffering under sanctions. It can pursue a return to the 2015 agreement and then attempt to get Iran to agree to a “longer and stronger” pact, as the Biden team has suggested. It can try for various other deals, either more or less stringent than the 2015 agreement. Or it can attempt to destroy Iran’s nuclear infrastructure with a military strike, possibly setting Tehran’s progress toward a bomb back by a few years but almost certainly provoking retaliation and possibly a sprint toward the nuclear finish line.

This paper explores the effect of oil shocks on electoral outcomes. Using a new polling and election data set for 207 elections across 50 democracies, the paper shows that oil price increases systematically lower the odds of reelection for incumbents. The analysis verifies that these shocks—which reduce consumption growth—are associated with worsening performance for incumbents in the runup to reelection and a reversal in the leaning of the political party in power post-election.  

While U.S. sanctions have caused Iran’s economy major challenges and limited Iran’s access to financial resources, they have not succeeded in changing Tehran’s behavior regarding its nuclear program. Indeed, Iran has not offered additional concessions. Instead, it has engaged in its own leverage-building strategy by ramping up its nuclear activities, missile program, and regional activities. Iran is not only closer to having the capacity to build a bomb, but even the political discourse of key officials on whether to cross that threshold has been shifting.

A Middle East-wide forum could facilitate dialogue and transparency on a range of short-term measures, engendering momentum to then take on other more complex items, such as regional arms control.