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Analysis

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Saudi Arabia Weathers the Iran War Thanks to Investments in “Economic Resiliency”

The impact of the Iran war on the Saudi economy has been mitigated by investments in “economic resiliency,” including the East-West oil pipeline, relatively prudent fiscal policy, and the accumulation of a large stock of foreign financial assets.

Tim Callen

6 min read

A drone view shows Riyadh, Saudi Arabia, June 1, 2025. (REUTERS/Mohammed Benmansour)

After the Hormuz Crisis, No Return to the Status Quo

The vulnerability of the world's most important energy chokepoint has been laid bare, setting in motion changes that are likely to outlast the conflict.

Kate Dourian

6 min read

A Xin Hai Kou container ship docked at the Port of Fujairah, as the U.S.-Israel conflict with Iran limits marine traffic in the Strait of Hormuz, in Fujairah, United Arab Emirates, May 6. (REUTERS/Amr Alfiky)

All About Those Ports

Ports will be key focus areas of economic infrastructure buildout efforts as the region works to move beyond the Iran conflict.

An oil Tanker at the Port of Fujairah in Fujairah, United Arab Emirates, May 6. (REUTERS/Amr Alfiky)

Syria Is the Answer

When regional actors or great powers ask these days what determines the success or failure of their strategies in the region, they are increasingly discovering that developments in Syria heavily shape the outcome.

Demonstrators carry a Syrian flag during a march marking the 15th anniversary of the start of the Syrian revolution against the Bashar Assad regime in the Old City of Damascus, Syria, March 15. (AP Photo/Omar Sanadiki)

Iranian Media Prepares the Public for a “War of Attrition”

The July 10 edition of the Iran Media Review highlights an Iranian article arguing that Iran and the United States are in a “protracted regional war of attrition.”

Ali Alfoneh

3 min read

Iranian Media Prepares the Public for a “War of Attrition”

Iran’s New Doctrine: A Forever War in the Strait of Hormuz

The June 30 edition of the Iran Media Review considers an Iranian argument that only deterrence, not diplomacy, can influence U.S. behavior.

Ali Alfoneh

3 min read

Iran’s New Doctrine: A Forever War in the Strait of Hormuz

IRGC Seeks to Institutionalize Control Over the Strait of Hormuz

The June 26 edition of the Iran Media Review examines IRGC messaging about travel through the Strait of Hormuz.

Ali Alfoneh

4 min read

IRGC Seeks to Institutionalize Control Over the Strait of Hormuz

A Consensus Emerges in Tehran on U.S.-Iran Negotiations

The June 24 edition of the Iran Media Review considers Iranian media responses to ongoing U.S.-Iranian negotiations.

Ali Alfoneh

5 min read

A Consensus Emerges in Tehran on U.S.-Iran Negotiations

Spending Surge Puts Saudi Budget in Large First Quarter Deficit

The Saudi budget recorded a large deficit in the first quarter of 2026 as spending surged, but higher oil revenue during the rest of the year should limit the size of the annual fiscal deficit.

Tim Callen

4 min read

Spending Surge Puts Saudi Budget in Large First Quarter Deficit

Gulf PMIs Raise Specter of Stagflation

Business conditions in the Gulf generally improved in April, but they remained weaker than before the Iran war. There are signs that price pressures are increasing as the conflict impedes trade.

Tim Callen

4 min read

Gulf PMIs Raise Specter of Stagflation

The Iran War and the Saudi Economy

Data shows that the Saudi economy is being negatively affected by the U.S.-Israeli war on Iran, and the impact will likely continue for the next few months at least.

Tim Callen

5 min read

The Iran War and the Saudi Economy

Saudi Equities Outperform Global Markets

Saudi equity prices have risen since the start of the Iran conflict, outperforming many regional and global markets. Whether this continues will depend on how and when the conflict ends.

Tim Callen

3 min read

Saudi Equities Outperform Global Markets

Ammar Alsabban: Superman With a Saudi Accent

With passions as diverse as puppetry, podcasting, and superheroes, Ammar Alsabban is redefining the creative limits of Saudi identity.

Sean Foley

14 min read

Ammar Alsabban. (Courtesy of Ammar Alsabban)

Rahina: A Jeweler’s Ode to Dhofari Heritage

Through Rahina, Fatma al-Najjar is exploring her Dhofari heritage and tapping into ancestral memories, one piece of jewelry at a time.

10 min read

Rahina necklaces made by Fatma al-Najjar. (Photo courtesy of Fatma al-Najjar)

Independent Researchers Are Advancing UAE History on Social Media

Independent researchers and informal collaboratives have been connecting through social media to fill in gaps in popular knowledge of the United Arab Emirates’ pre-state era.

Abdulla Almarzooqi

20 min read

A view of downtown Abu Dhabi. (Credit: Abdulla Almarzooqi)

Manama Story: Preserving the Soul of the City

The Manama Story project seeks to preserve the history of the Bahraini city, one archive at a time.

Shifaa Alsairafi

8 min read

A view of the "Soul of Manama" exhibit. (Credit: Fadhel al-Sharaf)

A New Gulf Partnership

In May, President Donald J. Trump embarked on a trip to the Gulf that signals a new era in U.S.-Gulf relations. AGSI's A New Gulf Partnership series explores the ways U.S. strategic relations with these countries are evolving and offers policy recommendations for the U.S. administration to maximize political and economic influence.

President Donald J. Trump is welcomed by Saudi Crown Prince Mohammed bin Salman in Riyadh, Saudi Arabia, May 13. (REUTERS/Brian Snyder)

Energy and Climate Initiative

AGSIW’s Energy and Climate Initiative explores Gulf energy and climate policies, technological advances, and pressing political, social, and environmental issues ahead of COP28.

'Cop28 UAE' logo is displayed on the screen during the opening ceremony of Abu Dhabi Sustainability Week under the theme of 'United on Climate Action Toward COP28,' in Abu Dhabi, UAE, January 16. (REUTERS/Rula Rouhana)

U.S. Presidential Election

AGSIW’s U.S. Presidential Election series explores Gulf perspectives on the 2024 election and considers how the election results may shape the future of U.S. engagement in the Gulf region.

Republican presidential nominee, former U.S. President Donald Trump and Democratic presidential nominee, U.S. Vice President Kamala Harris take part in a presidential debate hosted by ABC in Philadelphia, Pennsylvania, U.S., September 10, 2024 in a combination of file photographs. REUTERS/Brian Snyder - RC22Y9AP0PX3

Trees of the Gulf

This series looks at the vital role certain trees play in the region's collective memory, survival, and plans for the future.

A worker collects dates from a palm tree during Unaizah Season for Dates, capital of Al-Qassim region, Saudi Arabia August 15, 2020. (REUTERS /Ahmed Yosri)

All Analysis

CLEAR ALL

Saudi Arabia Weathers the Iran War Thanks to Investments in “Economic Resiliency”

The impact of the Iran war on the Saudi economy has been mitigated by investments in “economic resiliency,” including the East-West oil pipeline, relatively prudent fiscal policy, and the accumulation of a large stock of foreign financial assets.

Tim Callen

6 min read

A drone view shows Riyadh, Saudi Arabia, June 1, 2025. (REUTERS/Mohammed Benmansour)

After the Hormuz Crisis, No Return to the Status Quo

The vulnerability of the world's most important energy chokepoint has been laid bare, setting in motion changes that are likely to outlast the conflict.

Kate Dourian

6 min read

A Xin Hai Kou container ship docked at the Port of Fujairah, as the U.S.-Israel conflict with Iran limits marine traffic in the Strait of Hormuz, in Fujairah, United Arab Emirates, May 6. (REUTERS/Amr Alfiky)

All About Those Ports

Ports will be key focus areas of economic infrastructure buildout efforts as the region works to move beyond the Iran conflict.

An oil Tanker at the Port of Fujairah in Fujairah, United Arab Emirates, May 6. (REUTERS/Amr Alfiky)

Syria Is the Answer

When regional actors or great powers ask these days what determines the success or failure of their strategies in the region, they are increasingly discovering that developments in Syria heavily shape the outcome.

Demonstrators carry a Syrian flag during a march marking the 15th anniversary of the start of the Syrian revolution against the Bashar Assad regime in the Old City of Damascus, Syria, March 15. (AP Photo/Omar Sanadiki)

The Geopolitics of Reviving the Hejaz Railway

The revived Hejaz Railway could become one of the region’s most significant transportation and integration projects as a land route connecting Europe to the Gulf.

Giorgio Cafiero

12 min read

A drone view shows the Hejaz Railway station in Damascus, Syria December 11, 2024. (REUTERS/Mahmoud Hassano)

The Gulf at the Venice Biennale: Cultural Exchange Amid the Shadow of War

Gulf national pavilions at the 61st Venice Biennale seek to uphold local heritage amid regional and global instability.