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Blog Post

Baghdad’s Financial Squeezing of Kurdistan Undermines U.S. Interests

Baghdad is weaponizing economic levers to punish the Kurdistan region for signing energy pacts with U.S. firms and for aligning with President Trump’s commercial diplomacy.

Masrour Barzani, prime minister of Iraq's semi-autonomous northern Kurdish region, left, walks with Secretary of State Marco Rubio at the State Department, May 23, in Washington, DC. (AP Photo/Mark Schiefelbein).

Aramco and the Saudi Government Budget

Payments by Aramco are still the key driver of government revenue in Saudi Arabia despite the notable increase in non-oil revenue, particularly from the value-added tax, in recent years.

President Donald J. Trump and Saudi Crown Prince Mohammed bin Salman tour the King Abdulaziz International Conference Center, in Riyadh, Saudi Arabia, May 13. (AP Photo/Alex Brandon)

The U.S.-China-Iran Oil Triangle in Flux

The coming weeks will offer clarity about whether President Trump’s claim – “China can now continue to purchase Oil from Iran” – signals an informal, recalibration of Washington’s Iran sanctions strategy or a tactical feint without lasting repercussions.

Chinese Foreign Minister Wag Yi and Vice Foreign Minister Ma Zhaoxu listen to Iranian Deputy Foreign Minister Kazeem Gharibabadi speak during a meeting regarding the Iranian nuclear issue at Diaoyutai State Guest House on March 14 in Beijing, China. (Pool Photo via AP)

Israel-Iran Conflict Reveals Resilience and Vulnerability of GCC Economies

The latest regional conflict reinforced how difficult it is to severely disrupt economic momentum in the Gulf Cooperation Council while highlighting genuine threats to economic security and public safety in the region.

Delegates visit Saudi Arabia's pavilion during the Arabian Travel Market exhibition in Dubai, United Arab Emirates, April 29. (AP Photo/Altaf Qadri)

Why the Houthis Went Missing in Action

If Iran decides to continue retaliation, the Houthis will likely be part of that response at some point.

Houthi supporters surround a giant Iranian flag during an anti-U.S. and anti-Israel weekly rally in Sanaa, Yemen, June 20. (AP Photo/Osamah Abdulrahman)

Russia’s Role in Iran’s Drone and Missile Gamble

Moscow relied on Iranian drones in Ukraine. Now that the situation is reversed, will Russia help Iran rebuild its deterrence after Israel’s deep strikes?

Russian President Vladimir Putin greets Iranian Foreign Minister Abbas Araghchi prior to their talks at the Kremlin in Moscow, Russia, June 23. (Alexander Kazakov, Sputnik, Kremlin Pool Photo via AP)

Iran’s Strategic Dilemma: Capitulation or Parity?

The current cease-fire may just be an interregnum between rounds of conflict between Israel and Iran, as Iranian decision makers appear more inclined to pursue strategic parity than capitulate.

Iran's army commander-in-chief General Amir Hatami attends a video call with top commanders in Zolfaghar central headquarters, Iran, June 23. (Iranian Army Press Service via AP)

The Iran Strikes: Six Answerable Questions

While the just-announced cease-fire provides only a very preliminary indication of how the crisis with Iran will end, some questions can be answered, and those answers offer valuable insight.

Joint Chiefs Chairman Major General John D. Caine speaks during a news conference at the Pentagon in Washington, June 22. (AP Photo/Alex Brandon)