“We’re all in this together,” said Ali al-Naimi, Saudi Arabia’s veteran oil minister, at an oil conference in Houston last week. The oil market “could drown in oversupply,” as the International Energy Agency (IEA) warned in January, and global prices are at their lowest level since 2003, so all petrostates are bleeding. Venezuela is on the brink of bankruptcy; Russia’s economy is expected to shrink for the second year in a row; and Nigeria and Azerbaijan are seeking emergency loans from the World Bank and the International Monetary Fund. The economic hardship experienced by its members makes one wonder why [...]
In this week’s Trend Lines podcast, Ellen Laipson, president emeritus of the Stimson Center and a WPR weekly columnist, joins host Peter Dörrie for a discussion on current trends in the international system, including the changing roles of the United Nations, regional powers and the United States in crisis management and conflict resolution. Listen: Download: MP3Subscribe: iTunes | RSS Relevant WPR articles: For Gulf States, Forging National Identity Trumps Regional Integration In War Against the Islamic State, U.S. Values Must Not Be a Casualty U.N. Peacemakers Wind Up Tough Year With a Flurry of Progress Can Regional Powers Mediate the [...]
On Friday, Feb. 26, Iranians will take part in a complicated and contradictory drama in their country: voting in elections. They will cast ballots for candidates in the Majlis, Iran’s parliament, where all 290 seats are contested every 4 years, and the Assembly of Experts, in which its 88 members—all senior religious scholars—are elected every 8 years. The Majlis race is of short- and medium-term importance, mainly affecting President Hassan Rouhani’s ability to enact his political agenda. Whether the new parliament will work with him or not has implications for developing Iran’s post-sanctions economy and other key domestic issues. The [...]
