The U.S. decision to abandon the nuclear deal with Iran is bad news for crude oil importers, good news for exporters, and complicated news for those with more entwined relations with Tehran.
The war of words between Washington and Tehran is giving way to a more conciliatory tone, including even hints at direct and unconditional talks between the two capitals, even while U.S.
On July 31, the Islamic Republic was once again shaken by rallies beginning in Gohardasht, in Alborz province, and Isfahan, the third largest city in Iran, as Iranians took to the streets to protest rising prices.
Are the United States and Iran preparing to go to war? The prospect has certainly advanced considerably since Donald Trump became president and, particularly, when he withdrew from the Iran nuclear agreement.
There was a time when Iran’s Major General Qassim Suleimani, chief of the Quds Force of the Islamic Revolutionary Guard Corps, was the ultimate kingmaker in Iraqi politics.
For traditional U.S. partners and allies in the Gulf and beyond, the unwinding of U.S. participation in the JCPOA will create some multidimensional consequences.
President Donald J. Trump's decision to exit the Iran nuclear deal and reimpose sanctions has injected a much higher level of volatility into oil markets, with prices scaling new heights to levels not seen since 2014. In reality, the disruption to Iranian exports and oil trading flows will be relatively limited, but against a backdrop of stronger global oil demand, declining stock levels, and the upcoming peak summer driving and cooling season, markets are unnerved. Equally, the broader implications for escalating regional tensions are expected to inflate the geopolitical price premium in markets going forward. The potential for conflict is squarely on the radar screen of everyone invested in the region, including oil executives.
President Donald J. Trump’s announcement that the United States is “withdrawing” from the Iran nuclear deal, the Joint Comprehensive Plan of Action, was greeted with considerable enthusiasm by many Gulf Arab leaders.
The Gaza war has demonstrated the strategic utility and resilience of the detente between Saudi Arabia and Iran. However, its longer-term sustainability may depend on unpredictable regional dynamics or other outside factors.Learn More
Through its careful examination of the forces shaping the evolution of Gulf societies and the new generation of emerging leaders, AGSIW facilitates a richer understanding of the role the countries in this key geostrategic region can be expected to play in the 21st century.Learn More