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Letter from the Middle East: Iran-Israel war risks dire straits
A blockade of the Strait of Hormuz would have reverberations that would sound around the world
Israel-Iran war imperils Egypt’s energy supply
Egypt’s government was already preparing for potential energy shortages this summer, and the loss of Israeli gas supply has made things worse
The oil risk premium fable
Israel’s attack on Iran caught oil firms with low inventories due to their efforts to protect themselves from falling prices, creating a perfect storm
Saudi Arabia and Russia pull OPEC+ in different directions
The two oil heavyweights’ diverging fiscal considerations are straining unity within the group
Iraq seeks alternatives to Iranian gas
The country is facing energy shortfalls this summer amid reduced Iranian gas imports and difficulties leasing an FSRU
Is a Russia-Iran gas deal on the horizon?
Russia has ample spare gas, and Iran needs it, but sanctions and pricing pose steep hurdles.
Saudi-US energy ties adapt to multipolar world
Saudi Arabia and US relations can construct a new ‘field of dreams’, but opportunism may be the new rules of the game
A new energy order in the UAE and Saudi Arabia
The two Gulf states are combining fossil fuel production with ambitions to become leaders in low-carbon energy
Letter from Saudi Arabia: Energy, diplomacy and the art of the deal
Saudi Arabia is growing as a geopolitical and diplomatic force amid an increasingly fractured world
Letter from Iran: High-stakes nuclear diplomacy
Iran’s oil is caught in the crosshairs of support from China and Russia and US maximum pressure, with options becoming more and more limited
Saudi Arabia Yemen Iran
Gerald Butt
2 April 2019
Follow @PetroleumEcon
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Saudi exit strategy

The Kingdom faces a tough task to extricate itself from the ongoing war in Yemen

Saudi Arabia and the UAE also have another crisis to confront: how to withdraw from the war in Yemen. This bruising conflict began in 2015 with what was supposed to be a brief air campaign to crush an insurrection by the Houthis and their allies. The military miscalculation has led not only to thousands of civilian deaths and injuries, but has left more than 22mn people in need of humanitarian assistance. The war dented Saudi Arabia's international image — even before the fall-out from the killing of the Saudi journalist Jamal Khashoggi in the kingdom's consulate in Istanbul. Yemen disaster Oman has leveraged its good relations with Iran to attempt to mediate in the conflict — the Houthis en

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