Iran has built a security doctrine on shifting battles outside its borders, encircling adversaries with proxies and avoiding direct confrontation whenever possible. The test of this strategy is whether it can translate clout into security and sustainable gains at a reasonable cost. Yet from Syria to Yemen, Iran’s influence has entailed staggering losses, while its… Continue reading Strategy Without Gains: How Iran Squandered its Regional Clout

On March 31, the global oil benchmark Brent crude traded at a high of $126.69, and Fereidun Fesharaki, the chairman emeritus of a global energy consultancy, told Bloomberg that a prolonged near-closure of the Strait of Hormuz would put the price at $150 to $200 per barrel within weeks. Similarly, banking giant JPMorgan modeled the… Continue reading Why Has the Price of Oil Remained Below War-Time Expectations?

One of the most dangerous developments in the contemporary Middle East is not the proliferation of conflicts but the deliberate erosion of the diplomatic space required to end them. Wars eventually require negotiations, and even governments committed to maximalist positions seek intermediaries to convey messages they cannot exchange directly. Yet the region is witnessing a… Continue reading Diplomacy Cannot Work with Mediators Under Fire